RDY -0.62%: FY22 results this morning and we had the CEO & CFO in for lunch today. Revenue and underlying EBITDA was ~4% ahead of company guidance while they talked to strong momentum coming out of FY22 into FY23. The key highlight was the FY23 revenue guide that implies mid-teens growth again (off a growing base) and an increase in their FY26 revenue target to over $160m. While we don’t own RDY (yet) this is at the top of our Market Matters Hitlist for our Emerging Companies Portfolio.
MM is bullish RDY ~$3.20
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