Hipages Group Sees Revenue Growth in Low Teens for Fiscal 2025; Shares Down Nearly 5%

MT Newswires Live

Nov 07, 2024

Hipages Group Holdings (ASX:HPG) targets revenue growth in the low teens for fiscal 2025, saying that current operating momentum remains on track, according to a Thursday filing with the Australian bourse.

"I am very happy to confirm that our operating momentum remains on track with job volumes returning to year-over year growth and tradie-homeowner connections achieving another record quarter," said Chief Executive Roby Sharon-Zipser in his address at the company's annual general meeting.

Earnings before interest, taxes, depreciation, and amortization margin are expected to rise 1 to 2 percentage points, while free cash flow is forecast at AU$4 million to AU$6 million.

Hipages' shares were down nearly 5% in recent Thursday trade.

Price (AUD): $1.27, Change: $-0.06, Percent Change: -4.51%

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