Fri 22 Nov 2019

FY19 Result Update and FY20 Outlook

Gentrack Group Limited (NZX/ASX: GTK) expects to announce its year end 30 September 2019 (FY19) result next week of revenue of $112m and EBITDA(1) marginally below the previously advised guidance range of between $25m and $26m.

In light of continuing uncertainty in the UK market, the company expects that its outlook for FY20 is broadly flat.

(All $ amounts referred to above are NZ$)

 

ENDS

(1) EBITDA: Earnings before net finance expense, tax, depreciation and amortisation and other non-operating expenses. Non-operating expenses are costs relating to acquisition.