In summary,
Revenue up 9% for FY24, but EBITDA down 6% from $1.7b FY23 to $1.6b FY24 (forecast was $1.7 - $1.8b). So profit downgrade.
Costs are rising much faster than revenue over the last 12 months. The company is guiding for lower inflationary costs moving forward, we wait and hope.
FY25 guidance is for a modest rise in profitability of about 6 - 8%, all going well !
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In summary,Revenue up 9% for FY24, but EBITDA down 6% from $1.7b...
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