XRO -12.97%: reported its FY21 results for the 12 months to March today. The result was broadly a miss with EBTIDA short of expectations by around 17% at $NZ 191m while revenue was only marginally short of expectations. Still, the growth numbers are impressive. They added 20% to customer numbers through the year, including a record second half 288k subs. We have no plans of selling XRO here.
MM is bullish XRO
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