- Logistics tech specialist WiseTech Global (WTC) has upgraded its earnings guidance for FY22 after achieving growth and cost efficiencies ahead of expectations
- The company lifts its EBITDA guidance to between $310 and $320 million, representing growth of between 50 and 55 per cent from the previous financial year
- Meanwhile, WiseTech says it expects its revenue to land at the top end of its guidance range of between $600 and $635 million
- The company will release its full financial year audited results on August 24
- Shares in WiseTech last traded at $42.67 on July 14
Logistics tech specialist WiseTech Global (WTC) has upgraded its earnings guidance for FY22 after achieving growth and cost efficiencies ahead of expectations.
The ASX 200-lister lifted its earnings before interest, tax, depreciation and amortisation (EBIDTA) guidance to land between $310 and $320 million from between $275 million and $295 million.
This represents an EBITDA growth of between 50 and 55 per cent from the previous financial year.
Meanwhile, WTC said its revenue was expected to fall at the top end of its guidance range of between $600 and $635 million, representing year-on-year growth of between 18 to 25 per cent.
Wisetech Founder and CEO Richard White said its FY22 performance reflected the resilience of the company’s business model and strategy.
“Our product-led approach and focus on our 3P strategy have enabled us to continue to deliver strong top-line growth and drive significant operating leverage,” Mr White said.
The company will release its full financial year audited results on August 24.
Shares in WiseTech last traded at $42.67 on July 14.