Australia's Aurizon falls after downbeat business update

Aurizon Holdings

07/05/2025 05:55

Updates with share move

** Shares of Aurizon Holdings AZJ.AX fall as much as 3% to A$2.910, their lowest level since early October 2011

** Australia's largest rail freight operator
said after market hours on Tuesday that in 10 months to April, both network and bulk volumes declined

** Co reiterates FY Group EBITDA outlook to be at lower end of A$1.66 bln ($1.08 bln) to A$1.74 bln

** Co to potentially cut 200 full-time jobs across its business after ongoing assessment of its non-operational cost base

** Analysts at Citi rate stock "neutral" with PT of A$3.40

** To offset wet weather challenges, AZJ cutting costs and, despite material declines in Central Queensland coal volumes, AZJ hasn't officially lowered its guidance — Citi

** Average rating of 14 analysts is "hold"; median PT is A$3.30 — LSEG data

** Stock down 10% YTD

($1 = 1.5413 Australian dollars)

 (Reporting by Roshan Thomas and Sneha Kumar in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))