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IPD GROUP LTD — Earnings Release 2023
Jun 13, 2023
65136_rns_2023-06-13_77656e4a-2f2f-4cc3-892d-56a13bc6636b.pdf
Earnings Release
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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
14 June 2023
ASX Announcement
FY23 Earnings Guidance
IPD Group Limited (ASX: IPG, “IPD” or the “Company”) today provides guidance on the Group’s full year earnings for the financial year ending 30 June 2023 (FY23).
The Company expects earnings to exceed the FY22 Full Year results due to the continued strong operating performance as previously announced on the 24 February 2023.
Based on unaudited accounts for the 11 months of FY23 trading to 31st May 2023 and a strong June 2023 earnings forecast, the Group provides the following earnings guidance range for the FY23 full year:
| $ millions (m) | FY22 Full Year Results | FY23 Full Year Guidance Range |
|---|---|---|
| EBITDA | $20.2m | $27.1m - $27.6m |
| EBIT | $16.6m | $22.9m - $23.4m |
Michael Sainsbury, IPD Group Limited CEO said "The strong momentum from the first half of FY23 has continued into the second half of the year. We remain positively impacted by the tailwinds of the electrification of the economy and the operating environment remains buoyant. The strong result reinforces the leverage of our operating model."
This release has been authorised by the IPD Group Limited Board of Directors.
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Further information
For further information, please visit our website https://ipdgroup.com.au/ or contact us directly at [email protected].
About IPD Group
IPD is a national distributor and service provider to the Australian electrical market. IPD’s core focus in the products division is the sale of electrical infrastructure products to customers including switchboard manufacturers, electrical wholesalers, electrical contractors, power utilities, OEMs and system integrators. In addition to selling products, IPD provides a range of value-added services, including custom assembly, sourcing, engineering design, technical compliance, procurement, transport, storage, regulatory management, technical support, packaging, labelling, inventory management and delivery. IPD Group operations in nine locations across six states, providing a truly national offering to its customer base.
CUSTOMER SERVICE, SALES & TECHNICAL SUPPORT Tel: 1300 556 601 Fax: 1300 550 187 www.ipdgroup.com.au SYDNEY - BRISBANE - MELBOURNE - PERTH - ADELAIDE - HOBART