Telstra Group Ltd

TLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$4.50	Yzprnq	Dxbgkjmn

Telstra Earnings: Upwardly Mobile With Margins, Downwardly Fixed on Costs

Brian Han

Aug 15, 2024

The 4% rise in Telstra's fiscal 2024 underlying EBITDA to AUD 8.2 billion was well-telegraphed, meeting guidance reiterated just three months ago. The more encouraging news is the tightening of management's fiscal 2025 EBITDA projection to AUD 8.5 billion to AUD 8.7 billion from AUD 8.4 billion at the low end. We consider it a small but sentimentally positive upgrade so early in the new fiscal year.

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