Australia's Cettire rises to over 2-year high as HY result beats estimates

Cettire

07/02/2024 02:59

(Updates with analysts comments)
    ** Shares of Cettire Ltd  CTT.AX  rise as much as 39.8% to
A$4.430, log a record intraday pct gain  
    ** Stock at its highest since Nov. 18, 2021   
    ** Global luxury online retailer posts HY sales revenue of
A$354.3 mln ($231.25 mln), up 89% from last year 
        ** Posts adjusted EBITDA of A$26.1 mln, up 56%
  
        ** Co's revenue and EBITDA about 20% higher than
brokerage RBC's estimates
  
        ** Cash generation one of the highlights in H1; bullish
outlook commentary with trading momentum continuing into H2- RBC
  
    ** CTT top gainer on ASX All Ordinaries index  .AORD 
    ** As of last close, stock up 9.3% YTD

   ($1 = 1.5321 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))