Adbri Ltd
ABC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$7.50 | Zdrg | Fsndsjbzv |
Adbri Earnings and Corporate Action: Enters Into Scheme Implementation Deed With CRH
Adbri’s 30% bump in fiscal 2023 underlying EBITDA was underpinned by strong pricing, cost savings, and modest volume growth in cement, concrete, and aggregates. Underlying EBITDA of AUD 311 million was at the lower end of guidance of AUD 310 million-AUD 315 million and AUD 1 million ahead of our expectations.