NRW Holdings (NWH) shares pop on FY21 result
FY21 Result: An in line result for NWH on FY21 with EBITDA at $266.7m, right on consensus expectations. Guidance was the standout though with EBIT for FY22 expected to be in the range of $145m-$155m vs market expectations at $147m. The company talked up their large order book and importantly, they sighted improving margins which was the key, plying cost pressures that have been a hindrance are starting to ease. Shares rallied 17.42% today.