Australia's Downer loses most in 3-1/2 years on soft first-half forecast
20/08/2026 03:25
BUZZ-Australia's Downer loses most in 3-1/2 years on soft first-half forecast ** Shares of Downer EDI DOW.AX slip as much as 13.4% to A$6.45, their biggest intraday pct drop since late February 2023
** Shares hit their lowest level since July 9
** Company expects first-half 2027 revenue, earnings and EBITA margin to be lower pcp, with return to growth in the second half
** YTD, Downer shares down 18.1%
(Reporting by Nichiket Sunil in Bengaluru)
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Australia's Downer loses most in 3-1/2 years on soft first-half forecast