Australia's Southern Cross Electrical set for best week in four months on outlook upgrade

Southern Cross Electrical Engineering

19/06/2026 06:56

** 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)
 ((Keshav.singhchundawat@thomsonreuters.com))