Aferian on Friday provided an update on current trading, reaffirming the previous commentary around the FY22 outcome and describing strong early momentum in FY23 for the 24i (software) business. However, customer destocking in the Amino (devices) business has been more prolonged than previously expected and previously signalled. Management now expects FY23 revenue and adjusted EBITDA to be ‘substantially below its original expectations’. We withdraw our FY23 estimates in advance of further det ....
13 Mar 2023
PROGRESSIVE: Aferian: Hardware-related headwinds persist
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PROGRESSIVE: Aferian: Hardware-related headwinds persist
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
13 Mar 2023 -
Author:
Gareth Evans | Blaine Tatum -
Pages:
3
Aferian on Friday provided an update on current trading, reaffirming the previous commentary around the FY22 outcome and describing strong early momentum in FY23 for the 24i (software) business. However, customer destocking in the Amino (devices) business has been more prolonged than previously expected and previously signalled. Management now expects FY23 revenue and adjusted EBITDA to be ‘substantially below its original expectations’. We withdraw our FY23 estimates in advance of further det ....