BUZZ-Australia's Temple & Webster soars on upbeat outlook

Reuters
05-07
BUZZ-Australia's Temple & Webster soars on upbeat outlook

** Shares of Temple & Webster TPW.AX rise 5.8% to A$18.26, February 19

** Stock among top gainers on the benchmark ASX200 index .AXJO

** Online furniture retailer expects FY25 EBITDA margin to be towards the top end of the guidance range of 1%-3%

** Reports a revenue increase of 18% from January 1 to May 5, compared to last year

** Stock rose as much as 6.4% earlier in the day, marking its biggest intraday gain since April 10

** Stock up 39% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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