Australia's EVT falls most in 8 months as demand caution overshadows outlook

EVT

24/04/2026 06:35

Updates

** EVT EVT.AX slides as much as 10.5% to A$12.34, its sharpest intraday fall in 8 months and lowest level last seen on March 25

 ** Citi (maintains "buy", PT A$13.79) flags cinema operator's weaker Q4 from Bondi operations, underwhelming reviews for film "Michael", slowing demand

** Co says it remains on track to post y/y growth in normalised operating earnings

** Expects hotels division to notch marginally higher FY normalised operating earnings, noting minimal fallout from Iran war

** Flags early signs of slowing forward demand as inbound international travel hit

** All six analysts rate stock "buy" or higher; median PT is A$16.62 - LSEG-compiled data

** Stock down 1.4% YTD

(Reporting by Kumar Tanishk and Aamir Sheik Khalid in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk; Aamir.SheikKhalid@thomsonreuters.com))