0407 GMT - Explosive maker Dyno Nobel's FY 2031 ambitions put focus on growth, supported by global mining and industrialization demand, and so-called energetics for defense, says UBS. "We look for greater detail on the building blocks of the [high single-digit percentage] revenue growth target, given this represents the key difference between the A$800 million EBIT target and current market expectations," the bank says. The EBIT target is roughly 30% above consensus, it says. Dyno's FY 2026 trading update is, meanwhile, mixed, says UBS. Revised profit guidance is 5% above consensus, while EBIT guidance is 2% below, it says. UBS keeps a neutral rating and A$3.75/share target on the stock. Shares are down 2.0% at A$4.075.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.