Updated Outlook for Year Ending 30 September 2019
Gentrack Group Ltd | www.gentrack.com | info@gentrack.com | ARBN 169 195 751
25 July 2019
Updated Outlook for Year Ending 30 September 2019
Gentrack Group Limited (NZX/ASX: GTK), a leading provider of software solutions for
utilities and airports, advises that it now expects its full year FY19 EBITDA
1
result to be
within a range of between $27m and $28m.
This is a decrease from previous guidance of a full year FY19 EBITDA
1
result
marginally ahead of FY18 ($31.0m) and is due to delays in customer projects and
contracts, and bad debt risks in the UK. The delays relate primarily to customer
resourcing and do not indicate that the projects concerned are at risk.
We note the ongoing dependency on the timing of key contracts and project milestones
and confirm that there is a strong pipeline of opportunities in our utilities and airports
markets which support our long-term growth objective.
ENDS
*******
Contact details:
John Clifford, Chairman
Ian Black, CEO
Tim Bluett, CFO
+64 9 966 6090
About Gentrack
Gentrack provides essential software for essential services, pairing powerful platforms
with deep market knowledge to help utilities and airports lower service costs, foster
innovation and confidently navigate market reform. It employs over 550 people in
offices across New Zealand, Australia, the UK, Singapore, USA and Europe and
services over 220 utility and airport sites in 30+ countries with its leading solutions.
Gentrack Cloud is a subscription-based billing, customer information, market
interaction and portfolio analytics solution for energy and water utilities in markets
where flexibility, uniqueness and compliance are essential. Its meter-to-cash
capabilities and managed services offering are designed to enable utilities to
differentiate their businesses in competitive markets, to deliver great customer service
experiences, achieve lower service costs, launch innovative products and stay
compliant with market regulations.
More information: www.gentrack.com
2
Veovo is Gentrack’s world-class solution for airports, enabling them to unlock
operational, revenue, concession and passenger insights across the airport ecosystem.
Over 115 airports globally are using Veovo to operate more efficiently, uncover new
growth opportunities and deliver outstanding guest experiences.
More information: www.veovo.com
1
EBITDA: Earnings before net finance expense, tax, depreciation and amortisation
and other non-operating expenses. Non-operating expenses are costs relating to
acquisition.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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