Australia's Southern Cross Electrical set for best week in four months on outlook upgrade
19/06/2026 06:56
BUZZ-Australia's Southern Cross Electrical set for best week in four months on outlook upgrade ** Shares of Australia's Southern Cross Electrical Engineering SXE.AX gain 14.4% so far this week to A$4.610, set for their biggest weekly jump since mid-February
** Electrical services provider on Monday secured new works totalling over A$150 million ($104.88 million)
** Co raised its underlying 2026 EBITDA outlook from at least A$72 million to A$75 million
** Sees FY27 EBITDA of at least A$100 million, a 33% increase on underlying FY26 EBITDA forecast
** SXE down 0.2% on the day; up 84% YTD
($1 = 1.4302 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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