Maas Group reaffirms full-year guidance
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The news: Construction services company Maas Group Holdings' share price has lifted after it reaffirmed full-year guidance at an investor presentation.
The numbers: Maas’ share price was up 1.2% to $4.17 at 10:24am AEST.
The company has maintained guidance stating that its underlying EBITDA for FY25 is expected to be in the range of $215 million and $245 million. In financial year 2024, Maas had an underlying EBITDA of $207.3 million.
Maas also reaffirmed its asset recycling guidance, noting that it will sell more than $100 million worth of assets in FY25. This is expected to be at or above book value
The context: Factors affecting the EBITDA range include commercial development milestones and timing of project sales, weather conditions, and timing of underdeveloped residential land sales.
The source: ASX
