Gentrack Group Limited (NZX/ASX: GTK) is pleased to announce an improved outlook to its results for the full year to 30 September 2017. Group underlying EBITDA1 is forecast to be c. NZ$24m, an increase on its previous guidance on 25 May 2017 of c.NZ$20m.
Underlying EBITDA is after capitalisation of product development costs of c. NZ$0.9m, and excludes one-off costs relating to acquisitions during the year of c. NZ$1.3m. The full year results are targeted for release on 29 November 2017.
1 Underlying EBITDA: Earnings before net finance expense, tax, depreciation and amortisation and costs relating to acquisitions.