ARQ Group Limited Reports Earnings Results for the Half Year Ended June 30, 2018; Provides Earnings Guidance for the Fiscal Year 2018; Provides Ebitda Guidance for the Fiscal Year 2019
For the fiscal year 2018, the company expects that the SMB business will finish lower than the expectation due to lower than anticipated solutions sales and the unexpected cancellation of services to a major customer. As a result, The company expects the Group underlying EBITDA to be between $37.0 million and $39.0 million.
For the fiscal year 2019, the company expects underlying EBITDA growth of 7%-15%.