Australia's Johns Lyng Shares rise, Jefferies sees rev boost from weather events

Johns Lyng

22/05/2025 06:32

** Shares of properties rebuilder and restorer Johns Lyng JLG.AX rise 4.6% to A$2.5, their highest level since March 20

** Jefferies highlights that this year's extreme wet weather events in East Coast Australia may offer co significant long-term revenue opportunities for recovery efforts

** Brokerage estimates that total claims may generate ~A$107 million ($68.97 million) in revenue for co

** Adds, recent major weather events in New South Wales's Mid-North Coast are likely to increase work-in-hand from FY26

** Stock down 33.4% YTD

($1 = 1.5513 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))