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GENTRACK GROUP LIMITED — Capital/Financing Update 2022
Feb 23, 2022
65024_rns_2022-02-23_ba1a0a5c-2466-4f8f-99b9-35dd81e37a11.pdf
Capital/Financing Update
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Gentrack Group
17 Hargreaves Street, St Marys Bay Auckland 1011, PO Box 3288, Auckland 1140, New Zealand Ph: +64 9 966 6090 Email: [email protected] www.gentrack.com
24 February 2022
Gentrack provides updated guidance for FY22
Gentrack Group Limited (NZX/ASX: GTK) (“Gentrack”) advises that group revenues for FY22 are forecast to be around $115m (vs FY21 revenues of $105.7m). This revenue growth is a result of the group’s strategy to deliver innovative solutions to new and existing customers and is despite headwinds due primarily to UK B2C supplier insolvencies. FY22 EBITDA is expected to be in low single-digits ($’m) as the company executes against its strategy plan, highlighted in June 2021, increasing investment in Research and Development as well as Sales and Marketing to continue to drive future growth.
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ENDS
Contact details regarding this announcement:
Kerry Nickels – Company Secretary +64 9 966 6090
About Gentrack
Gentrack designs, builds and delivers the high-performing, cloud-first revenue and customer experience solutions found at the heart of leading utilities and airports around the world. Our customers lead in some of the most deregulated and innovative markets in the world; pioneering innovation, driving effective transformation in the management and delivery of two of our planet’s most precious resources; energy and water. More information: https://www.gentrack.com
Gentrack Group Ltd | ARBN 169 195 751