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The latest update is out from Event Hospitality & Entertainment Ltd. ( (AU:EVT) ).
EVT Limited has provided an update on its expected results for the year to 30 June 2026, indicating that group normalised EBITDA should grow on the prior year despite headwinds from the Middle East crisis and site-specific disruptions. The company expects its Hotels division, which contributes over 60% of group earnings, to deliver a marginal increase on last year’s record performance, supported by strong trading, the launch of EVT Connect Hospitality, the acquisition of QT Auckland and upgraded rooms at QT Queenstown, partially offset by refurbishment works, asset sales, government infrastructure disruption and softer forward demand.
In Entertainment, EVT forecasts reasonable EBITDA growth driven by strong CineStar performance and a robust third-quarter film slate, though a softer fourth quarter, site closures in Bondi and Manukau and FIFA World Cup-related visitation impacts in Germany will weigh on results as the group continues to rationalise locations under its ‘Fewer, Better’ strategy. At Thredbo, EVT is guiding to full-year normalised EBITDA of about $22 million to $23 million, with outcomes dependent on fuel prices affecting drive tourism and winter conditions in June 2026, underscoring the sensitivity of its alpine operations and broader portfolio to macro and event-driven factors.
The most recent analyst rating on (AU:EVT) stock is a Buy with a A$17.31 price target. To see the full list of analyst forecasts on Event Hospitality & Entertainment Ltd. stock, see the AU:EVT Stock Forecast page.
More about Event Hospitality & Entertainment Ltd.
EVT Limited is an Australian-listed hospitality and entertainment group operating across hotels, cinemas and leisure assets, including its Thredbo alpine resort and CineStar cinemas in Germany. The company generates more than 60% of its normalised EBITDA from its hotel division, with a focus on experiential travel, entertainment venues and destination-based assets in Australia, New Zealand and Europe.
Average Trading Volume: 212,274
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.2B
For detailed information about EVT stock, go to TipRanks’ Stock Analysis page.