Australia's Genusplus' FY23 growth to moderate - Bell Potter

Genusplus

06/03/2023 03:18

** Analysts at Bell Potter expect Australia's Genusplus
Group's  GNP.AX  rev growth to moderate in FY23 to as it
completes restructuring its communications division
    ** Brokerage says GNP's gross and EBITDA margins already
showing signs of stabilisation due to lower raw materials and
indirect costs for first half
    ** Bell Potter says grid connection, which powers homes or
small businesses with renewable energy, is GNP's expertise and
is competitive advantage
    ** Says GNP's order book and tender pipeline after FY23
shows increased recurring activities and large projects delivery
    ** Adds Telstra  TLS.AX  services agreement and further cost
optimisation to lift operating margins in communications
division
    ** Stock has risen 1.5% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))