Brief: Tyro Payments On Track To Reach Positive Free Cash Flow Exiting FY23

Tyro Payments

16/01/2023 01:05

Jan 16 (Reuters) - Tyro Payments Ltd  TYR.AX :
    * ON TRACK TO REACH POSITIVE FREE CASH FLOW EXITING FY23
    * SEES COST REDUCTION PROGRAM ON TRACK TO ACHIEVE AN A$11
MILLION
REDUCTION IN ANNUALISED COST BASE
    * HY EBITDA RANGE IMPROVED TO BETWEEN A$37 MILLION TO A$41
MILLION
AT A TARGET OPERATING LEVERAGE OF ABOUT 79%
    * WILL BE TARGETING A FULL YEAR OPERATING LEVERAGE OF 79% OR
BETTER
    * H1 GROUP REVENUE A$216.6 MILLION VERSUS A$149.2 MILLION
    * SEES FY23 IMPROVEMENT TO GROSS PROFIT OF BETWEEN A$187
MILLION
TO A$191 MILLION
    * H1 GROUP GROSS PROFIT (STATUTORY) A$102.8 MILLION, UP 45%
    * SEES FY23 EARNINGS GUIDANCE WITH FORECAST TRANSACTION
VALUE
INCREASED TO A RANGE OF A$42.5 BILLION TO A$43.5 BILLION

Source text for Eikon:  ID:nASX4MP9rP 
Further company coverage:  TYR.AX 
 ((Reuters.Briefs@thomsonreuters.com;))