Aussie Broadband jumps on revenue, margin forecasts

Aussie Broadband

10/04/2025 02:22

Updates

** Shares of Aussie Broadband ABB.AX rise as much as 12% to A$4.10, hitting their highest level since March 27

** By FY28, ABB aims to have group revenue
surpass
 A$1.6 bln ($980.32 mln), with EBITDA margins expected to expand beyond 12.5% - co

** Analysts at Citi see ABB reaffirming FY25 guidance to be well received by market

** Co reaffirmed underlying EBITDA for FY25 expected to be in the range of A$133 mln to A$138 mln

** Citi says ABB's FY28 ambitions largely exceed forecasts especially on revenue and National Broadband Network market share

** Maintains "buy" rating on stock

** Stock up 9.1% YTD, including day's moves

($1 = 1.6321 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))