2241 GMT - Aurizon Holdings needs a strong 2H if it's going to achieve annual guidance, reckons Citi. Aurizon continues to expect Ebitda of A$1.66 billion-A$1.74 billion in FY 2025, with consensus expectations roughly in the middle of that range. However, analyst Samuel Seow notes that Aurizon's 1H Ebitda is likely to be lower than a year earlier. Citi now expects earnings from Aurizon's Bulk business to decline year over year, although Grain railing should improve from here. "There may also be possibility of new business wins, implied into the strong 2H given the step up," Citi says. "However, given the heavy skew required, we remain Neutral." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 12, 2024 17:42 ET (22:42 GMT)
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