Morningstar - REA Group Ltd (REA) REA Group Continues to Perform Well Despite Real Estate Downturn

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Morningstar

Gareth James

EUR 100.00 For Business Accounts Only

REA Group Continues to Perform Well Despite Real Estate Downturn

Narrow-moat-rated REA Groupâ€™s third-quarter result was slightly worse than we expected, and we have cut our fiscal 2019 revenue and EBITDA forecast by 5% to AUD 893 million and AUD 532 million, respectively. However, our revised forecasts still imply strong fiscal 2019 revenue and EBITDA growth of 11% and 13%, respectively, and an underlying EBIT margin of 53%. In comparison, we expect Domainâ€™s revenue and EBITDA to fall 3% and 18%, respectively, in fiscal 2019 and we expect an EBIT margin of 19...

10/05/2019 13 EN

Underlying

REA Group Ltd

REA Group is a multinational digital advertising company, based in Australia, that specializes in property. Co. provides a range of premium property listings as well as products for markets adjacent to property such as utility connections, and advertising solutions for property developers and display media advertisers. Co. operates residential, commercial and share property websites, realestate.com.au, realcommercial.com.au and flatmates.com.au, Chinese property site myfun.com, and iProperty Group which owns a number of property portals in Asia. Co. also maintains significant shareholdings in Move, Inc. in the United States and PropTiger in India.

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AU000000REA9 Australian Securities Exchange Australia

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Gareth James

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REA Group Continues to Perform Well Despite Real Estate Downturn

PropertyGuru/Bridgetown 2 SPAC listing/merger

REA Group Limited: 1 director

Due to a more favourable environment, REA GROUP slightly increases to Neutral

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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