AUS
NZ
UK
CA
USA
IND
Highlights
- In FY24, Kelsian Group reported a 42% YoY increase in revenue to AUD 2,016.8 million.
- Revenue growth was supported by All Abroad America! Holdings, Inc. contributions and new contracts in Sydney.
- Underlying EBITDA for FY25 is projected to be between AUD 283–295 million.
Kelsian Group Limited (ASX:KLS) is an integrated multi-modal transport provider and tourism operator. The company operates three segments – International Bus, Australian Bus and Marine and Tourism. In the financial year 2024 (FY24), its revenue grew 42% YoY to AUD 2,016.8 million and underlying EBITDA surged 63.9% YoY to AUD 265.4 million. The revenue growth was driven by the contribution from All Abroad America! Holdings, Inc (AAAHI) and new Sydney contracts. Underlying EBITDA growth was underpinned by revenue growth and 180 basis-points increase in EBITDA margin to 13.2%.
The period saw 32.3% YoY increase in underlying net profit after tax to AUD 92.6 million.
Outlook
In FY25, underlying EBITDA is expected to fall in the range of AUD 283 – 295 million, with a skew towards the second half. The second half skew demonstrates benefits of Marine and Tourism initiatives coming online, rail replacement contracts and the expected ramp up in AAAHI growth relating to industrial construction projects.
Moreover, the company is expected to benefit from surge in short-term visitor arrivals in September 2024, reaching 630,700, and an 8.7% YoY rise in short-term resident returns to 1,020,960, as suggested by the data published by the Australian Bureau of Statistics (ABS) on 12 November 2024.
Share performance of KLS
KLS slares closed 1.3% higher at AUD 3.85 apiece on 14 November 2024. In the last one year, KLS’ share price has dropped by 40.22% and in the three months, the share price has declined by 24.36%. 52-week high of KLS is AUD 7.20, recorded on 31 January 2024, and 52-week low is AUD 3.58, recorded on 26 August 2024.
KLS Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 14 November 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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