Business
Australia earnings season: Telstra’s Andy Penn draws a line in the sand – The Australian Financial Review
Andy Penn might have made a rod for his own back with new earnings targets, but he’s right that Telstra needs to show that simplification equals higher profits.
If we take the midpoint of the guidance for FY21 underlying EBITDA ($6.75 billion) and the midpoint for FY23 earnings ($8 billion), we can see that Penn is effectively predicting he can grow earnings by 18.5 per cent over the next three years.
Theres no doubt its the sort of prediction that can come back to haunt a CEO. And six years into his tenure, some will ask whether this is Penns last big stand as Telstra boss hell be in his ninth year when he delivers the 2023 results.
Penn might be making…
-
Noosa News15 hours agoMitch Power Quick Shear event gets men talking about mental health
-
General17 hours agoThailand punches above its weight in film creativity and cross-border appeal. Here’s why
-
General10 hours agoAFL Round 18 live updates: Bulldogs vs Crows, Giants vs Cats, Tigers vs Bombers, Dockers vs Hawks — blog, scores and stats
-
Noosa News18 hours agoRaising your voice | Noosa Today