Amaysim Australia Ltd (ASX: AYS), the provider of household services including mobile plans, home internet and energy has announced its FY 2018 earnings guidance along with some leadership changes.
Co-Founder Peter O’Connell will be taking over as CEO from Julian Ogrin who will be taking up an executive role with the newly merged Foxtel and Fox Sports.
The company also announced its FY 18 guidance as outlined below:
- Net revenue of $573 million – $583 million
- Underlying EBITDA of $45 million – $48 million
- Mobile subscribers of 1,150,000 – 1,160,000
- Energy subscribers of 190,000 – 192,000
- Broadband subscribers of 14,500 – 15,500
The company’s announcement also flagged its diversification strategy as key in providing growth and resilience to the business but competition within the mobile space remains a key challenge.
The opportunity going forward for the company will be to cross-sell its energy and broadband services which have a higher average revenue per user (ARPU) to its large mobile customer base.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.