Lindsay Australia Limited (AU:LAU) has released an update.
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Lindsay Australia Limited expects its FY2024 EBITDA to be between $88 million and $94 million, influenced by weather-related horticultural declines and rail disruptions. Despite current challenges, the company maintains a positive outlook, backed by favorable conditions in key sectors and a 6% increase in 2H2024 commercial freight volumes. Investments in operations and a transformation program aim to boost future growth and efficiency, with a strong balance sheet keeping net leverage below target.
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