Headwinds in the Australian consumer market has caused Vocus to revise its full-year earnings guidance for the second subsequent time, the company has revealed.
In reporting its first-half 2018 revenue and earnings growth, Vocus said it had revised full-year earnings guidance in underlying EBITDA to $365-380 million down from between $370-$390 million on revenue of between $1.9-2 billion.
This revision primarily relates to the Australian consumer division facing headwinds in H2 FY18 due to over hedging of its energy portfolio and a change in its go-to-market strategy, resulting in a reduction in the amount of subscriber acquisition costs that can be deferred, the company said.
A similar earnings revision V…
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