Chindata Group Holdings Expects FY23 Revenues Of RMB5.88B–RMB6.08B, Representing Y/Y Growth Of 29.2%-33.6%
Portfolio Pulse from Benzinga Newsdesk
Chindata Group Holdings has projected its FY23 revenues to be between RMB5.88B and RMB6.08B, indicating a year-on-year growth of 29.2%-33.6%. The company also expects its adjusted EBITDA to be between RMB3.10 billion and RMB3.220 billion, a 31.0%-35.6% increase over the full year of 2022.
August 31, 2023 | 11:34 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Chindata Group Holdings' projected increase in FY23 revenues and adjusted EBITDA could potentially lead to a positive impact on its stock price.
The projected increase in revenues and adjusted EBITDA for FY23 indicates a strong financial performance for Chindata Group Holdings. This could potentially attract investors, leading to an increase in demand for the company's stock and subsequently, a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100