BUZZ-Australia's Propel Funeral Partners slumps on revenue, EBITDA outlook miss

Reuters
27 May
BUZZ-Australia's Propel Funeral Partners slumps on revenue, EBITDA outlook miss

** Shares of Australia's Propel Funeral Partners PFP.AX fall as much as 7.9% to A$4.2

** Stock's biggest intraday pct fall since March 23, 2020; at its lowest level since September 20, 2023

** Funeral services provider forecasts FY25 operating EBITDA at A$54-56 million ($34.99-$36.29 million) vs Visible Alpha consensus estimates of A$60 million

** PFP expects FY25 revenue in range of A$220-225 million, lower than VA consensus estimates of A$232.1 million

** Around 4.7 million shares change hands, nearly 19x its 30-day avg

** Stock down 22.3% YTD, as of 0432 GMT

($1 = 1.5432 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((Anjali.Singh2@thomsonreuters.com))

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