Australia's Siteminder soars on strong FY23 results and forecast

SiteMinder

28/07/2023 02:02

** Shares of Siteminder Ltd  SDR.AX  rise as much as 20.8%
to A$4.3, posting their biggest ever intraday pct jump 
    ** Hotel commerce platform posts unaudited revenue of
A$151.4 mln ($101.41 mln) for FY23, up 30.5% 
    ** Co targets organic revenue growth of 30% in the medium
term
    ** Co expects to be underlying EBITDA profitable and
underlying free cash flow positive for H2FY24
    ** Stock among top gainers in the ASX All Ordinaries Index
 .AORD 
    ** Shares hit their highest level since Feb 3
    ** Shares up 16.1% YTD, as of last close 

($1 = 1.4930 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))