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Latest Articles

  • Avada downgrades FY24 guidance in light of union activity, bad weather and cancellations
    Avada downgrades FY24 guidance in light of union activity, bad weather and cancellations
    • News

  • Acquisitions, expansions and cost-cutting see AVADA earnings reach $16 million, exceeding its guidance
    Acquisitions, expansions and cost-cutting see AVADA earnings reach $16 million, exceeding its guidance
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  • Avada credits stabilising weather conditions for earnings boost
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  • AVADA embarks on New Zealand roads after acquiring Wilsons, New Zealand’s largest traffic management company
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  • MCS Services expands into traffic management with Highways Traffic acquisition
    MCS Services expands into traffic management with Highways Traffic acquisition
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  • Avada downgrades FY24 guidance in light of union activity, bad weather and cancellations
    • News

    Avada downgrades FY24 guidance in light of union activity, bad weather and cancellations

    Project cancellations and delays, union activities in the sector, and continued unstable weather appear to have flustered traffic management company Avada Group (ASX: AVD), which was prompted to review its FY24 guidance.  Its FY24 underlying EBITDA is forecast to be between $14.5m and $15.5m, down from FY23’s $16.1m and its previously issued FY24 guidance of

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