Environmental Group Adjusts FY25 EBITDA Growth Forecast

Environmental Group Limited (AU:EGL) has released an update.

The Environmental Group Limited (EGL) has announced a downward revision in its FY25 Normalised EBITDA growth expectations from 25% to between 10-15%, due to material cost overruns in its Baltec IES business unit. This update is expected to have a significant impact on EGL’s stock valuation. The company has confirmed compliance with ASX listing rules and promptly disclosed this information upon quantification.

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