Johns Lyng Group Meets FY24 Market Expectations

Johns Lyng Group Ltd (AU:JLG) has released an update.

Johns Lyng Group Limited (JLG) has confirmed that their FY24 financial results did not materially differ from market expectations, with EBITDA exceeding guidance and revenue falling slightly behind by about 4%. The company had previously updated its earnings guidance and considered the consensus estimates from sell-side analysts before concluding that the variances in their actual earnings were not significant enough to impact the stock’s value. They adhered to ASX guidelines and saw no need for prior disclosure since the variances were not deemed material.

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