Sony Group Provides Fiscal 2024 Outlook: Expects Sales Of ¥12.61T (Prior ¥12.31T) $79.64B; Adjusted EBITDA Of ¥1.99T (Prior ¥1.93T) ($13.31B), Reiterated Operating Margin Of 10.4%
Portfolio Pulse from Benzinga Newsdesk
Sony Group has provided its fiscal 2024 outlook, expecting sales of ¥12.61 trillion ($79.64 billion) and adjusted EBITDA of ¥1.99 trillion ($13.31 billion). The company has reiterated its operating margin of 10.4%.
August 07, 2024 | 7:01 am
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Sony Group has provided an optimistic fiscal 2024 outlook with increased sales and adjusted EBITDA expectations, while maintaining its operating margin.
The increased sales and adjusted EBITDA expectations indicate strong financial performance, which is likely to positively impact Sony's stock price in the short term. The reiteration of the operating margin further supports investor confidence.
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