Rakon nudges guidance for a fourth time

Brent Robinson will step down as Rakon CEO in April. (Image: BusinessDesk)

Thu, 10 Feb 2022

Rakon keeps on upping its earnings guidance.On Thursday, the electronic components manufacturer said it expected underlying earnings before interest, tax, depreciation, and amortisation (ebitda) for the year ending March 31 to hit $49 million to $53m. In April of last year the guidance for the March 2022 financial year was $27m-to-$32m, rising to $39-to-$44m in September and again to $44m-to-$49m in November. Outgoing chief executive Brent Robinson said in a statement to the NZX the company had managed to overcome supply chain risks a...

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