Brief: Johns Lyng Sees FY23 Revenue Up By A$110 Mln-1.19 Bln (Excluding. Commercial Construction)

Johns Lyng

22/06/2023 11:31

June 22 (Reuters) - Johns Lyng Group Ltd  JLG.AX :
    * FORECAST REVENUE FOR FY23 HAS BEEN UPGRADED BY A$110M TO
A$1.19BN (EXCLUDING. COMMERCIAL CONSTRUCTION)
    * WILL START FY24 WITH STRONG VOLUME FROM RECORD
'WORK-IN-HAND
    * NORMALISED EBITDA FOR FY23 HAS BEEN UPGRADED BY A$12.1M TO
A$133.2M
    * TOTAL GROUP REVENUE FOR FY23 IS NOW EXPECTED TO BE ABOUT
A$1.25BN
    * SIZE AND DURATION OF WORK ASSOCIATED WITH JOHNS LYNG'S CAT
BUSINESS IS INCREASING
    * TOTAL NORMALISED EBITDA FOR FY23 IS NOW EXPECTED TO BE
ABOUT
A$115.9M
    * STRONG DEMAND FOR CORE BUSINESS-AS-USUAL SERVICES &
INCREASE IN
CATASTROPHE ACTIVITY EXPECTED TO CONTINUE INTO FY24 AND BEYOND

Source text for Eikon:  ID:nASXnfWm4 
Further company coverage:  JLG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))