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IPD GROUP LTD — Capital/Financing Update 2022
Jun 21, 2022
65136_rns_2022-06-21_ab9ce1cb-9697-4d9a-8be7-806be05ad098.pdf
Capital/Financing Update
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IPD Group Limited
ABN 12 111 178 351
HEAD OFFICE
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43 Newton Road, Wetherill Park, NSW, 2164 PO Box 6422, Wetherill Park, NSW, 1851 Tel: (02) 9645 0777 Fax: (02) 9645 1608
ASX RELEASE
Full Year Earnings Guidance Upgrade
22[nd] June 2022
IPD Group Limited (ASX: IPG or the Group) today provides upgraded earnings guidance for the Group’s financial year ending 30[th] June 2022 (FY22).
Based on unaudited management accounts (statutory basis) for the 11 months of FY22 trading to 31[st] May 2022 and a strong June 2022 earnings forecast, the Group now expects to materially exceed the earnings before interest tax depreciation and amortisation (EBITDA) & earnings before interest and tax (EBIT) guidance ranges advised to the market on 7[th] February 2022 as per the following table:
| $millions (m) | Prospectus Full Year | Full Year Statutory | Upgraded Full Year |
|---|---|---|---|
| Statutory Forecast | Guidance Range | StatutoryGuidance | |
| @ 7thFeb 2022 | Range | ||
| EBITDA | $16.0m | $17.6m -$18.4m | $20m -$20.5m |
| EBIT | $12.4m | $13.6m -$14.3m | $16.3m -$16.8m |
Michael Sainsbury, IPD Group Limited CEO said “The Group has continued to experience robust demand in our key markets, strong contributions from recently acquired businesses and solid uptake of our expanded range of products from our supplier partners. Our investment decision to hold larger inventory levels has also assisted us in winning orders and meeting customer needs despite global supply chain challenges.
This announcement was approved for release by the Board.
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CUSTOMER SERVICE, SALES & TECHNICAL SUPPORT Tel: 1300 556 601 Fax: 1300 550 187 www.ipd.com.au SYDNEY - BRISBANE - MELBOURNE - PERTH - ADELAIDE - HOBART