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AUB GROUP LIMITED — Earnings Release 2020
Jan 27, 2020
64456_rns_2020-01-27_a07c4fa6-4359-4ad6-b24f-4fb9a701bfa7.pdf
Earnings Release
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28 January 2020
The Manager Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000
FOR RELEASE TO THE MARKET
AUB Group Limited Reaffirms Earnings Guidance
AUB Group Limited ( ASX: AUB ) today announced that it expects to deliver toward the top of its previously announced guidance range of 8-10% growth in adjusted NPAT in FY20. This update is based on preliminary, unaudited 1H20 financial performance and is subject to the assumptions made in AUB’s FY19 results presentation, as well as expectations of trading for the remainder of the financial year.
Guidance includes smaller acquisitions and disposals of shareholdings in Partner businesses.
AUB’s Managing Director and Group CEO Mike Emmett said that at this stage, 1H20 results look pleasing and provide an important foundation for future growth.
“I’m pleased to report strong business performance in the first half of FY20. We’ve made good progress with our strategic initiatives, and in improving the underlying performance of the Group.”
AUB expects to release full details of its 1H20 results on 25 February 2020.
This release has been authorised by the AUB Board.
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Freya Smith Group General Counsel & Company Secretary
For further information, contact Freya Smith
Tel: +61 2 9935 2224 [email protected]
ENDS
About AUB Group
AUB Group Limited is Australasia’s largest equity-based insurance broker network driving approximately A$3.2 billion GWP across its network of 93 businesses, servicing more than 550,000 clients and over one million policies across more than 600 locations.
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