ERoad half-year earnings reflect straighter steering

CEO Mark Heine said the results reflected “robust financial management”.

Wed, 29 Nov 2023

ERoad has delivered on its promise to rein in spending and focus on growth in its latest half-year financial report.After a rocky year of an almost-acquisition and a discounted capital raise, the results represent stability that could provide a solid bedrock for future growth.The board has affirmed guidance for the full financial year of 6-9% revenue growth to between $175 million and $180m, with a normalised Ebit (earnings before interest and tax) of up to $5m.Company leadership highlighted an established presence in New Zealand and an initial...

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