Updated Outlook for Year Ending 30 September 2019

Gentrack Group Ltd | www.gentrack.com | info@gentrack.com | ARBN 169 195 751

30 September 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 $25m and $26m.
This is a decrease from previous guidance of a full year FY19 EBITDA
1
result within a
range of between $27m and $28m and is due to increased bad and doubtful debt
provisions in relation to the UK Utilities market, which has seen further deterioration
over the last quarter. Uncertainty in the UK Utilities market increased with the
regulatory imposition of price capping for retailers in January 2019, a key factor in the
failure of 9 retailers and continuing market restructuring.
Gentrack will report its audited annual results for the year ended 30 September 2019
on 28 November 2019.
(All $ amounts referred to above are NZ$)
ENDS
*******
Contact details:
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.