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Wisetech Global Provides Business Update and Reaffirms FY 2020 Guidance

22 Apr 2020  |  09:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WiseTech business update and FY20 guidance reaffirmed

Wisetech Global released a business update to the market regarding the evolving environment, trading and guidance. The Company reaffirmed FY 2020 guidance, subject to currency movements; FY 2020 revenue is of $420m - $450m, revenue growth of 21% - 29%, and EBITDA of $114m - $132m, EBITDA growth of 5% - 22%. The Company net cash position is $230m as at 31 Mar 2020 and established debt facility of $190m remains undrawn with a further $200m accordion facility in place.

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