Gentrack looks set for a strong 2017

Gentrack Limited (GTK:NZX / GTK:ASX) had forecasted guidance of 20% revenue growth for the full financial year and EBITDA relatively flat at NZ$15m. However, on 4 November 2016, GTK again beat expectations, upgrading its previous guidance for the full year. The company stated that revenue would be up 25% to NZ$52.7m. They also reported that EBITDA would be up 16% on the prior corresponding period to NZ$16.7m. The upgraded result was well ahead of previously reported guidance. This was achieved despite currency headwinds caused by the strength of the NZ currency in Australia and the UK, GTK’s key export markets. Another year of strong performance With staff headcount (GTK’s key constraint to growth) also up around 30% year on year, and more than 20 vacancies advertised on its careers page, GTK looks set for another strong performance in 2017.