Wisetech Global (ASX:WTC) adjusted its fiscal 2025 guidance and lowered its revenue and EBITDA expectations following a change in management and delays in key product launches. The company now projects revenue of $1.2 billion to $1.3 billion, which would represent 15% to 25% growth starting in fiscal 2024, a downward revision from its previous forecast. EBITDA is expected to be in the range of $600-660 million, reflecting growth of 21-33%, with EBITDA margins remaining strong at 50-51%.

The Sydney-based company is a global leader in logistics execution software, providing solutions to more than 17,000 customers in 183 countries. Its flagship platform, CargoWise, streamlines complex logistics operations with enhanced productivity, integration, and compliance capabilities.

Interim CEO Andrew Carlridge, who took over in late October, blamed the revised guidance on delaying the commercial launch of the container shipping optimization product, currently scheduled for the second half of fiscal 2025. It was mentioned that ComplianceWise products launched in the first quarter as planned and CargoWise Next is generally on track, but the postponement is impacting the expected revenue schedule. Cartledge emphasized that the long-term value of these products remains the same.

WiseTech stock closed 12.37% lower at $121.74 on Friday.