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Hot Topic Budget 25
Investment
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Rakon’s telco slowdown ‘temporary’, analyst says

The company has warned of a potential $10m earnings hit due to a slowdown in the global 5G rollout.

Rakon’s Auckland factory.

The slowdown in Rakon’s telecommunications business will be temporary, according to an investment analyst.  

The NZX-listed company warned this morning its FY24 earnings before interest, taxes, depreciation, and amortisation guidance of between $26 million and $34m could take a hit of up to $10m

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Nicholas Pointon Mon, 17 Jul 2023
Contact the Writer: nicholas@nbr.co.nz
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Rakon’s telco slowdown ‘temporary’, analyst says
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