If I was an investor this would worry me or is it already baked into recent share price decline?
"MARKET RELEASE – MONDAY 6 MAY 2024
EMBARGOED UNTIL [DATE] [delete this row if not required]
Spark reduces FY24 EBITDAI guidance as tough trading conditions intensify
Spark New Zealand (Spark) today announced it is reducing FY24 EBITDAI guidance from
$1,215-$1,260 million to $1,170-$1,210 million, as challenging trading conditions intensified in some
parts of the business. There is no change to FY24 capital expenditure and dividend guidance."
https://stocknessmonster.com/announc...pk.nzx-430555/
https://stocknessmonster.com/charts/spk.nzx/
Compared to One NZ
"EBITDAF for the year was $600.1 million, up 13.7% from $527.8 million in the prior
year. This was a pleasing result against guidance of $580 million to $620 million.
FY2024 growth was driven through strong performance in Consumer Mobile and
Wholesale alongside prudent cost management"
Attachment 15111