BUZZ - Australia's EVT stock rises due to first-quarter EBITDA growth

October 23 - ** EVT (EVT.AX) shares rose as much as 4% to AUD 15.490, reaching their highest level since August 26

** The stock recorded its largest intraday gain since September 25

** The entertainment company announced (link) first quarter FY2027 EBITDA of AUD 72.5 million, a 17% year-on-year increase on a normalized basis

** EVT maintains an optimistic outlook for FY2027 and expects the hotels business to reach a historic high

** The company expects FY2027 EBITDA for Thredbo Alpine Resort to be between AUD 16 million and AUD 20 million, compared to Visible Alpha's analyst consensus of AUD 16.9 million; the FY2026 figure was AUD 21 million

** Citi rates the stock as "Buy" with a target price of AUD 17.55

** Year-to-date, the share price has risen 19.5%

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