Brief: EML Payments Ltd Sees FY23 Revenue Of A$240 Mln And A$260 Mln

EML Payments

25/11/2022 01:10

Nov 25 (Reuters) - EML Payments Ltd  EML.AX :
    * SEES FY23 REVENUE OF A$240-260M
    * QTRLY REVENUE WAS DOWN 5% OR A$2.3M VERSUS PCP
    * SEES FY23 UNDERLYING EBITDA OF A$26-34M
    * SEES FY23 OVERHEADS OF A$135-145M
    * EXPECT BENEFITS FROM NORMALISATION OF INTEREST RATES FROM
THEIR
HISTORIC LOW LEVELS
    * INCREASED OUR FY23 INTEREST RATE GUIDANCE FROM A$10M IN
AUGUST
2022 TO A RANGE  OF A$17M-A$21M
    * SEES NORMALISATION OF INTEREST RATES TO ADD BETWEEN A$16
AND
A$20 MILLION TO EBITDA IN FY23
    * WE NOW ESTIMATE EML WILL MAKE A$1.8M IN NET INTEREST
INCOME IN
FY2023
    * SEES INCREASE TO THE COST BASE OF A$27M-A$37M IN FY23

Source text for Eikon:  ID:nASX2sxgvG 
Further company coverage:  EML.AX 
 ((Reuters.Briefs@thomsonreuters.com;))