Rakon warns of reduced orders and faces shareholder showdown on $390m takeover bid

Rakon believes it had complied with its disclosure obligations. (Image: Supplied)

Wed, 28 Aug 2024

Rakon released updated guidance for the 2025 financial year on Wednesday morning and warned orders in the first half of 2025 had reduced, which would result in lower revenue year-on-year.It said underlying earnings would be between $5m and $15m.Rakon reported underlying earnings of $13.5m and revenue of $128m in the 2024 financial year.For the year ended March 31, 2024, revenue fell 30% compared to the prior financial year while gross margins dropped 35% and underlying earnings fell 68%.Forsyth Barr analysts previously revised down their e...

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