Investors’ aggressive reaction to electronic design software company Altium’s weaker-than-expected full-year guidance has sparked CEO Aram Mirkazemi to question how he conveys one-off costs to the market.
On Monday Altium shares slumped 5.9 per cent to close at $32.44, having fallen as much as 10 per cent earlier, after the company said its full-year underlying earnings before interest, tax, depreciation and amortisation (EBITDA) margin would be at the low end of its 34 per cent to 36 per cent guidance range.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
