FDC Consolidated lifts FY27 revenue guidance to $2.08B
Key points
- FDC Consolidated Holdings raised its FY27 revenue target by 5% to 10%.
- The company lifted projected normalised EBIT to between $105 million and $110 million.
- Management attributed the upgrade to disciplined project execution and $2.85 billion in work in hand.
FDC Consolidated Holdings (ASX:FDC) upgraded its FY27 revenue forecast to between $2 billion and $2.08 billion following recent contract wins.
The revised guidance represents a 5% to 10% increase over the original prospectus forecast of $1.9 billion.
FDC stated that normalised earnings before interest and tax are now projected at $105 million to $110 million.
The group reported that work in hand reached $2.85 billion as of Oct. 31, an increase of $350 million since June.
Following the announcement, the FDC Consolidated Holdings share price was unchanged at $3.68.
The company noted that secured projects are diversified across the industrial, education, and data centre sectors.
Management indicated that new contracts span both the construction division and the fitout and refurbishment segment.
