Amaysim Australia Limited Reports Earnings Results for the Full Year Ended June 30, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2019
The company believes there are opportunities in fiscal 2019 and expects underlying EBITDA for the Group to reflect, continued earnings growth in energy driven by amaysim energy and Click's existing channels, competition to continue to put pressure on mobile ARPU and margins despite mobile subscriber growth, reduction in underlying operating costs driven by simplification of the Group's structure and a more disciplined approach to cost management and discontinuation of devices. The company also considers the following fiscal 2019 catalysts may drive earnings: plans to defend and grow the mobile business, including the launch of new mobile products, continued investment in spectrum and mobile networks (4.5G and 5G) by carriers and potential consolidation of TPG and VHA, which may set the trend for a more rational market and lead to an increase in mobile ARPU and margin by the end of the financial year.