VNET Group Sees FY24 Revenues RMB7.8 Billion To RMB8.0 Billion
Portfolio Pulse from Benzinga Newsdesk
VNET Group has announced its financial outlook for FY24, expecting total net revenues between RMB7.8 billion and RMB8.0 billion, representing a year-over-year growth of 5.2% to 7.9%. The adjusted EBITDA is projected to be between RMB2.22 billion and RMB2.28 billion, reflecting a growth of 8.9% to 11.8%. These estimates remain unchanged from previous forecasts.
May 29, 2024 | 8:58 pm
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VNET Group has reaffirmed its financial outlook for FY24, projecting revenues between RMB7.8 billion and RMB8.0 billion and adjusted EBITDA growth of 8.9% to 11.8%. These estimates remain unchanged from previous forecasts.
The reaffirmation of the financial outlook indicates stability and confidence in the company's performance, which is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100