Excellent! $90m market cap looks cheap.Quote:
https://www.nzx.com/announcements/417329
MHM Automation (NZX: MHM) are today releasing preliminary full year results for the year ended 30 June 2023.
The 2023 financial year saw record results across the MHM business, with revenue growth of 43% to $96.7m and EBITDA growth of 107% to $9.87m. We also completed the acquisition of Wyma Engineering which is transformational for the group providing us with further scale and diversification.
Highlights of the 2023 financial year:
Strong health and safety record with zero LTIs on a 12-month
trailing basis
43% revenue growth to $96.7 million for the year
107% increase in operating EBITDA to $9.87 million
Increased EBITDA margin to 10.2%
Acquisition of Wyma Engineering settled on 1 May 2023
The delivery of several large projects for our customers
Effectively achieving our STEP 100 strategy launched in 2021
50% organic revenue growth in Automation (excluding Wyma) of
$70.6 million