Adjusted EBITDA was slightly ahead of expectations in the year to Jun’21, moving to a A$4.2m profit (+$6.9m YoY). Strategic initiatives were successfully implemented under its ANZ First strategy, including scaling up its low-cost digital marketplace platform. Management is guiding to revenue growth materially ahead of expectations in FY22 as it enters a growth acceleration phase, albeit margin and earnings dilutive initially due to the different channel mix. On good execution, though, a roadmap ....
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Positive update + entering growth acceleration phase
- Published:
21 Jul 2021 -
Author:
Matthew McEachran -
Pages:
3
Adjusted EBITDA was slightly ahead of expectations in the year to Jun’21, moving to a A$4.2m profit (+$6.9m YoY). Strategic initiatives were successfully implemented under its ANZ First strategy, including scaling up its low-cost digital marketplace platform. Management is guiding to revenue growth materially ahead of expectations in FY22 as it enters a growth acceleration phase, albeit margin and earnings dilutive initially due to the different channel mix. On good execution, though, a roadmap ....