Wednesday 28th June 2023
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The attached addresses and presentation will be given today at Serko’s Annual Meeting which is to commence at 2.00pm and is being held as a hybrid meeting.
Slide 21 of the presentation contains a market outlook statement (see below).
We invite shareholders to join in person at the offices of Link Market Services Limited, Level 30, PwC Tower, 15 Customs Street West, Auckland or virtually at www.virtualmeeting.co.nz/sko23.
Outlook and Trading Update
Serko has experienced a strong start to FY24 and is pleased to affirm its guidance provided in May that it continues to anticipate FY24 total income of between $63m and $70m and total spend of between $86m and $90m.
If June 23 quarter trends continue, Serko anticipates total income to be above the midpoint of this guidance range.
Serko is well capitalised with cash of $88m (as at 31 March 2023) and no debt.
As well as top-line growth, Serko is focused on continued cost discipline and operational efficiency as it tracks towards positive cashflow for the FY25 financial year.
Guidance remains subject to ongoing risks including geo-political and macro-economic risks.
For and on behalf of Serko by Shane Sampson, Chief Financial Officer.
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