tiprankstipranks
Spark New Zealand Adjusts Financial Outlook Amid Economic Challenges
Company Announcements

Spark New Zealand Adjusts Financial Outlook Amid Economic Challenges

Spark New Zealand Limited (AU:SPK) has released an update.

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Australian Auto-Generated NewsdeskSpark New Zealand Affirms Leadership with Director Re-elections
TipRanks Australian Auto-Generated NewsdeskSpark New Zealand Faces Financial Hurdles Amid Recession
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App