VNET Group Sees FY23 Revenue Of RMB7.600B-RMB7.900B
Portfolio Pulse from Happy Mohamed
VNET Group has projected its net revenues for FY23 to be between RMB7,600 million and RMB7,900 million, indicating a YoY growth of 7.6% to 11.8%. The company also expects its adjusted EBITDA to range from RMB2,025 million to RMB2,125 million, representing a YoY growth of 8.1% to 13.5%. These estimates remain unchanged from previous forecasts.
August 23, 2023 | 8:33 pm
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POSITIVE IMPACT
VNET Group's FY23 revenue and EBITDA forecasts indicate a positive growth trajectory. The unchanged estimates suggest confidence in the company's operational conditions and market views.
The projected YoY growth in both net revenues and adjusted EBITDA for FY23 indicates a positive financial outlook for VNET Group. The unchanged estimates from previous forecasts suggest that the company is confident in its operational conditions and market views, which could potentially boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100