Brief: Pexa Group Expect Pexa Exchange Operating EBITDA Margins In 50-55% Range Through FY24

PEXA

25/08/2023 02:45

Aug 25 (Reuters) - PEXA Group Ltd  PXA.AX :
    * EXPECT PEXA EXCHANGE OPERATING EBITDA MARGINS IN A
CONSISTENT
50-55% RANGE THROUGH FY24
    * EXPECT PEXA EXCHANGE TO CONTINUE ITS RESILIENT PERFORMANCE
IN
FY24
    * EXPECT DIGITAL GROWTH BUSINESS TO BE OPERATING EBITDA
BREAK EVEN
IN JUNE 2024
    * INCREASINGLY FOCUSED ON GROUP MARGIN
    * GROUP MARGIN CURRENTLY SITS AT 35%, EXPECT THIS WILL BE A
FLOOR
FOR PERFORMANCE NEXT YEAR
    * DESPITE MARKET HEADWINDS, WELL ON WAY TO DELIVER AGAINST
STRATEGY IN FY24
    * FOR FY24, MANAGE INVESTMENT IN EMERGING BUSINESSES TO
COMBINED
A$70 MILLION-A$80 MILLION, WHICH REMAINS IN LINE WITH FY23
LEVELS

Source text for Eikon:  ID:nASX71Sq9L 
Further company coverage:  PXA.AX 

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