/ Gentrack Group Limited (NZX/ASX: GTK) has announced that it expects to earn c.$25 million, c.$12 million more than previously guided, from managing the exit of a major UK customer in the current financial year.
This additional revenue and the associated EBITDA benefit will be recognised substantially in the first half of the year, after which no further revenue is expected from the customer.
The company's guidance for FY24 of revenue of c.$150m and an EBITDA margin of 12-17% remains unchanged.
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