Australia's Hipages Group hits over one-month low on weak forecast

Hipages group

05/11/2026 02:20

** Shares of Hipages Group HPG.AX fall as much as 5.9% to A$0.800, their biggest intraday pct loss since May 1
** Stock hits its lowest level since September 28
** SaaS platform provider now expects FY27 revenue, EBITDA margin and free cash flow outcomes at the lower end of its guidance ranges
** Says economic conditions and consumer confidence have materially deteriorated since it issued FY27 guidance in August
** Notes inflation and rising interest rates are weighing on household budgets and slowing activity in some discretionary marketplace categories
** YTD, stock down 35.5%, including the session's moves


 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))