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Company News Summary

Trade Me Group Releases CEO's Presentation

08 Nov 2018  |  13:27:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CEO's presentation

Trade Me Group released CEO's presentation stating the revenue of $250M up by 7% and EBITDA of $164M. The Company declared dividend of 19.6cps and special dividend of 22cps. The Company is adding new products or services for existing customers to enter adjacent markets. The Company announced its growth of between 5 - 8% over F18. The Company also noted that it expects operating profit after tax to grow at a similar rate (in percentage terms). This guidance remains unchanged and, given current momentum, the Company would expect to be in the top half of this range for both measures. The resolutions discussed at the AGM was Paul McCarney be re-elected as a director, Katrina Johnson be re-elected as a director of the Company.

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