IRESS says outlook is improving
May 6, 2010
IRESS Market Technology Limited (IRE) said that the company was confident the financial markets were improving this year, driving activity for the company.
Speaking at Macqurie Australia Conference, IRESS said revenue growth was expected to be at the upper end of expectations, though still well below pre-crisis levels.
”Maintenance of crisis cost management into 2010 will produce positive H1 EBITDA growth,” the company said.
IRESS also said it was focused on restoration of cost base during 2010 to retain staff and capture opportunities.
”Effect will be to dampen margins in H2 but anticipate solid EBITDA growth in 2010 from 2009, before Asian costs,” the company added.
Looking to the medium-term, IRESS said it would focus on medium-term growth opportunities in addition to Asia.
At the close Thursday, IRESS shares were trading at $8.34.
Speaking at Macqurie Australia Conference, IRESS said revenue growth was expected to be at the upper end of expectations, though still well below pre-crisis levels.
”Maintenance of crisis cost management into 2010 will produce positive H1 EBITDA growth,” the company said.
IRESS also said it was focused on restoration of cost base during 2010 to retain staff and capture opportunities.
”Effect will be to dampen margins in H2 but anticipate solid EBITDA growth in 2010 from 2009, before Asian costs,” the company added.
Looking to the medium-term, IRESS said it would focus on medium-term growth opportunities in addition to Asia.
At the close Thursday, IRESS shares were trading at $8.34.
Leave a Reply