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Company News Summary

Amaysim Australia Provides AGM Presentation

24 Oct 2019  |  15:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AGM Presentation

Amaysim Australia released AGM presentation stating that on 31 May 2019, the Company revitalised network supply agreement with Optus, enabling to rapidly launch highly competitive plans. These plans have been receiving excellent customer feedback and are driving growth. The Company begun implementing positive changes across energy business and reduced investment in marketing as ascertain the impact and consumer response to the recent regulatory changes. The Company advised that subscription energy services are available in Victoria, New South Wales and Queensland with full and significant marketing campaign expected to commence in 2H FY20. The Company reaffirmed FY20 underlying EBITDA guidance of $33m - $39m.

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