EVO guidance and trading update

Evolve Education Group Limited (ASX/NZX: EVO) has provided an earnings guidance for financial year ending 31 December 2021 (FY21) and financial year ending 31 December 2022 (FY22) and a current trading update.

Guidance for FY21 is between $11.5m and $13m and for FY22 between $23m to $25m.

This is due to the financial effects of revenue losses in NZ due to Covid 19 lockdowns and the Business Continuity Payment (BCP) for all centres in designated Covid hotspots in Australia.

EVO currently operates 110 early childhood education centres in NZ and 23 in Australia, with a further centre under financial/legal due diligence in Australia.