Cettire Ltd. (AU:CTT) has released an update.
Cettire Ltd. has responded to an ASX query clarifying that certain financial metrics previously updated quarterly are not material in the context of its FY24 announcement, which projected Adjusted EBITDA below broker estimates. The company released early FY24 data to comply with disclosure obligations, indicating a delivered margin estimate between 20.4% to 21.1% and marketing to sales revenue of 10.0 to 10.5%. Cettire also referenced industry perceptions of softening luxury market demand, supported by various publications, and confirmed compliance with Listing Rules.
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