Sharechat Logo

Rakon Limited (NZX: RAK) FY2022 Earnings Guidance

Thursday 1st April 2021

Text too small?

Rakon expects to achieve Underlying EBITDA of between NZ$27 million and NZ$32 million in FY2022.

This guidance follows Rakon’s announcement in February that it had secured significant orders that were expected to increase Rakon’s revenue for FY2022 by at least 20% on the previous year and that it would provide further advice on the impact of this new business once it had completed its FY2022 budgeting and business planning process.

Rakon has seen increasing demand for its products which are used in a range of applications, compounded by the global shortage caused by a factory fire at the world’s largest TCXO Integrated Circuits manufacturer. The shortage is expected to stabilise in the later part of the year.

Rakon continues to experience increasing demand from the Telecommunications sector, particularly for the roll-out of 5G, and growth in all its core business sectors including for datacentre, industrial positioning, high-reliability and new space applications, under-pinning sound performance expectations.

Meeting the increased business activity and performance is subject to usual global supply chain and operational risks as well as risks arising from the ongoing COVID-19 pandemic and geopolitical issues.

Rakon’s guidance of Underlying EBITDA of between NZ$20 million to NZ$22 million for FY2021 remains.

Please see the link below for details:

RAK FY2022 Earnings Guidance

Source: Rakon Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Pacific Edge Limited (NZX: PEB) United Healthcare Issues Positive Coverage Cxbladder
Scott Technology Limited (NZX: SCT) 2021 Half Year Announcement
NZX Limited (NZX: NZX) Appoints Specialist Global Expert to Tech Committee
AFT Pharmaceuticals Limited (NZX: AFT) Secures New Partners in Poland and Greece
Radius Residential Care Limited (NZX: RAD) Christchurch Property Development Update
Air New Zealand Limited (NZX: AIR) Welcomes Announcement of Tasman Bubble
Accordant Group Limited (NZX: AGL) Intention to Acquire up to 1,000,000 Ordinary Shares
Millennium & Copthorne Hotels New Zealand Limited (NZX: MCK) Update on Proposed Whangarei Hotel Development
Contact Energy Limited (NZX: CEN) Buys Geothermal Specialists Western Energy Services
Chorus Limited (NZX: CNU) Notice to Dividend Reinvestment Plan Participants