Johns Lyng upgrades its FY2022 forecasted Revenue and EBITDA guidance

Johns Lyng Group Limited (ASX: JLG) has provided revenue and EBITDA forecast upgrade for FY22. The Company has upgraded its forecast revenue by AU$64.6 million to AU$867.0 million, up 8% compared to the previous guidance.

The company has upgraded its forecasted EBITDA for FY22 by AU$4.3 million to AU$83.0 million, which is a 5.4% increase from the previous guidance of $78.7 million provided in February 2022.

The upgradation in forecasted revenue and EBITDA is driven by constant robust demand for the Group’s core Business as Usual  services, along with an surge in catastrophe  activity during FY22, mainly in northern NSW and south-east Queensland due to devastating floods that impacted those regions.

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