ABB +20.18%: A strong set of numbers for the telco this morning delivering revenue broadly in line with expectations a slight beat to earnings though the sweetener was the divestment of Buddy Telco.
- Revenue $1.19 billion, +19% y/y, in line with consensus
- Earnings before interest tax depreciation & amortization (EBITDA) $138 million vs $136 million expected
- Dividend per share 2.4cps vs 4cps y/y
Looking ahead, management has guided to FY26 EBITDA of $157-$167 million implying 3% beat to consensus at the mid-point while the divestment of Buddy for $8 million to Tangerine streamlines the portfolio.
MM remains long and bullish ABB
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