Environmental Group Limited (AU:EGL) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The Environmental Group Limited (ASX: EGL) anticipates a lower-than-expected increase in FY25 Normalised EBITDA, now projected at 10-15% over FY24, due to cost overruns in a gas turbine project in Singapore. Despite this setback, the company reports strong revenue performance across its business units, reflecting its robust operations in environmental solutions. The company is conducting a review to prevent future issues and maintain its growth trajectory.
For further insights into AU:EGL stock, check out TipRanks’ Stock Analysis page.