Australia's EVT slides as demand caution overshadows steady earnings outlook

EVT

24/04/2026 01:54

** EVT EVT.AX slides as much as 6.2% to A$12.940, logging its sharpest intraday fall in more than five months and slipping to a low last seen on April 13

** Cinema operator says it remains on track to post YOY growth in normalised operating earnings

** Expects its hotels division to notch marginally higher FY normalised operating earnings than last year's, noting minimal fallout so far from the Middle East crisis

** However, cautions that early signs of easing forward demand are emerging across inbound international travel, among others

** Stock down 5.2% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

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