Ventia Services Group Ltd

VNT: XASX (AUS)
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Ventia: First Contract Announcements Lag Prior Comparable Period Levels

No-moat Ventia has recently been awarded an AUD 100 million contract with NBN Co over three years and an AUD 150 million contract with Western Power over five years. These are Ventia’s first contract announcements this calendar year. Their combined AUD 250 million falls considerably short of the AUD 860 million and AUD 1.2 billion in wins announced by this time in 2023 and 2022, respectively.

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