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Australia's EVT rises on Q1 EBITDA growth

By Reuters News

** Shares of EVT EVT.AX rise as much as 4% to A$15.490, their highest since August 26

** Stock logs its largest intraday pct gain since September 25

** Entertainment company posts Q1 FY27 EBITDA of A$72.5 million, up 17% from the prior comparable quarter on a normalised basis

** EVT has a positive outlook for FY27, expects record year for hotels

** Company expects FY2027 Thredbo Alpine Resort EBITDA in the range of A$16 million to A$20 million, versus Visible Alpha consensus of A$16.9 million and FY26 EBITDA of A$21 million

** Citi rates the stock a "BUY" with a price target of A$17.55

** YTD, stock up 19.5%

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