Australia's Adrad Holdings set for worst day ever on dismal earnings forecast

Adrad Holdings

31/05/2024 02:31

** Shares of Adrad Holdings  AHL.AX  fall 19.4% to A$0.75,
set for its worst session ever, if losses hold
    ** Auto parts manufacturer sees FY24 EBITDA between A$18 mln
($11.95 mln) and A$19 mln, between 6% and 10% below FY23 actual
    ** Co sees FY24 revenue in range of A$140 mln and A$144 mln,
largely flat compared to FY23
    ** AHL sees 20% drop in FY EBITDA in its Heat Transfer
Solutions segment
    ** AHL stock up 14.8% YTD, as of last close 
 


($1 = 1.5067 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))