Aussie Broadband reaffirms strong financial performance and guidance for FY24

Aussie Broadband Limited (ASX: $ABB) has reported impressive 1H FY24 numbers, with revenue up 17.7% to $445.9m, gross margin up 16.7% to $154.3m, and EBITDA up 12.7% to $46.3m. The company's NBN market share has also increased by 1.3 percentage points to 8.3%, with broadband connections up by 130.3k to 765.8k. Additionally, Aussie Broadband was recently awarded the 2023 Roy Morgan Customer Satisfaction 'Best of the Best Award across all industries, further solidifying its position as Australia's most trusted telco with a record high customer satisfaction rate of 97.5%.

Executive Commentary on Aussie Broadband's Performance and Strategy

The purpose of the Company is to deliver returns to shareholders while having an overall positive impact on society and the environment.

Summary of Aussie Broadband's Growth and Outlook

Aussie Broadband's strong financial performance in 1H FY24, coupled with its reaffirmed upgraded FY24 EBITDA guidance of $105m to $110m and the expected 4 months contribution from Symbio of approximately $11m, reflects the company's commitment to delivering shareholder value. The company's focus on organic growth, continual improvement in ESG, and strategic acquisition of Symbio positions it as a leading diversified communication and technology group. With a clear outlook for long-term growth and a disciplined approach to investing, Aussie Broadband is set to continue its trajectory as one of Australia's largest providers of communications and technology services.