They revised down by about 10%. Let's hope it's not worse.
Printable View
Highlights, as reported by DGL:
- Sales revenue of $466.0 million, up 26% on FY22 and in line with guidance provided June 23 ($450 million)
- Underlying EBITDA of $64.1 million, up 27% on FY22*
- Underlying EBIT of $41.7 million, up 25% on FY22*
- Statutory NPAT of $19.2 million, down 31% on FY22
- Strong underlying operating cashflow conversion of 118%
- Strong balance sheet with net assets of $333.6 million (up 9% on FY22). Net debt of
- $91.1m as at 30 June 2023 (~1.4x net debt / EBITDA)
- Continued investment in organic growth and strategic acqusitions in FY23, with 11 businesses purchased to expand and diversify DGL’s capacity, expertise, and geographic reach
- No dividends paid in FY23 in line with policy to reinvest earnings to maximise growth
Revenue up; profit down.
Amazing opened so high
Maybe puntersconlybread the first few lines of the highlights that had big % increases in ebitda and ebit v last year ……
……..and then read the fine print that in real terms all profit metrics were down (they reduced comparative last year numbers by $15m because not recurring or something)
…….
NBR points out that the only female Director has resigned
And reminded us that independent review of DGL’s culture last year, sparked following founder and chief executive Simon Henry’s inappropriate comments about Nadia Lim in an interview with NBR, recommended “that more gender diversity be introduced into senior management and leadership positions”.