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Chorus Ltd Tracking Towards Upper End of FY Guidance As CEO Announces Departure

COMMUNICATIONS


  • Chorus Ltd reported H1 results after the close, H1 EBITDA of EUR 347mn vs. EUR 342bn in H123; FY outlook unchanged with EBITDA/CapEx tracking to upper halves of ranges.
  • EBITDA leverage rose from 4.4x at FY23 to 4.6x against rating-agency thresholds of 5.25x/5.0x and a stated intention to not go past 4.75x.
  • CEO JB Rousselot to step down in April, replaced by COO Mark Aue
  • “Chorus is undertaking a capital management review and expects to provide an update at the FY24 results.”

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