Spark New Zealand Limited (AU:SPK) has released an update.
Don't Miss Our New Year's 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
Spark New Zealand has revised its FY25 guidance, reducing expectations for EBITDAI, capex, and dividends amid challenging economic conditions and subdued consumer spending in New Zealand. The company plans to divest non-core assets like its stake in Connexa, while expanding its SPK-26 Operate Programme to achieve significant cost reductions. Despite the current financial hurdles, Spark remains committed to resetting its performance and exploring capital partnerships to support its long-term growth strategy.
For further insights into AU:SPK stock, check out TipRanks’ Stock Analysis page.
