BUZZ-Australia's Duratec slides on lowering FY25 outlook

Reuters
23 May
BUZZ-Australia's Duratec slides on lowering FY25 outlook

** Duratec DUR.AX falls as much as 10.8% to A$1.388, lowest since April 7

** Construction co slashes FY25 revenue, EBITDA forecasts due to delays in expected project awards, weather disruptions

** Now sees FY25 revenue in A$570 mln ($365.5 mln)-A$585 mln range, lower than previously the earlier A$600 mln- A$640 mln range

** Sees FY25 EBITDA between A$50 mln and A$53 mln vs A$52 mln-A$56 mln estimated earlier

** YTD, DUR falls 4.7%

($1 = A$1.5596)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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