Amotiv Limited – Results for the year ended 30 June 2024
Result in line with guidance driven by above system organic growth and acquisitions.
Highlights
- Underlying EBITA is in line with guidance of “at least $193.5m”, with all segments performing in line with expectations
- Revenue growth of 7.7% includes 5.8% organic growth driven by ongoing strategic diversification into new geographies, categories, products and customers
- Underlying EBITA of $194.6 million includes investment in greenfields, and increased product development (PD) spend to support medium and long-term growth
- Gross margin expansion reflects resilience and effective margin management
- Strong cash conversion and ongoing deleveraging resulted in Net debt/Adjusted
- EBITDA1 at bottom end of medium-term target range of 1.6x–1.9x
- Final dividend of 22.0 cents per share (cps) in line with the prior year. Full year dividend increased 1.5 cps
Refer to the ASX Announcements and the FY24 Appendix 4E and Financial Report for more information
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