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STEADFAST GROUP LIMITED — Capital/Financing Update 2024
Jun 20, 2024
65758_rns_2024-06-20_24a7c80c-8bb8-470c-a896-9354eab1471e.pdf
Capital/Financing Update
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21 June 2024
Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Steadfast Group updates FY24 guidance
Please refer to the attached market release.
This announcement is approved by the Steadfast Disclosure Committee.
All queries in relation to this announcement should be directed to:
Shalome Ruiter Steadfast Group Limited EGM – Investor Relations and ESG 0404 811 847
Yours faithfully
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Duncan Ramsay Company Secretary
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Steadfast Group Limited ABN: 98 073 659 677
Level 4, 99 Bathurst Street, Sydney NSW 2000 PO Box A980, South Sydney NSW 1235 T +61 (02) 9495 6500 W steadfast.com.au
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MARKET RELEASE 21 June 2024
Steadfast Group updates FY24 guidance
Steadfast Group Limited (“Steadfast”) (ASX: SDF) is pleased to update FY24 guidance.
Based on strong trading performance year to 31 May 2024[1] , and accretive acquisitions made, Steadfast now expects to deliver FY24 results either at the top end of or slightly exceeding the stated FY24 guidance range announced with the 1H24 results in February 2024.
Steadfast FY24 guidance range is now upgraded to:
| Steadfast FY24 guidance range is now upgraded to: | Steadfast FY24 guidance range is now upgraded to: | Steadfast FY24 guidance range is now upgraded to: |
|---|---|---|
| Previous FY24 GuidanceRangeRevised FY24 Guidance Range | ||
| Underlying EBITA | ||
| $520m - $530m | $525m - $530m | |
| Underlying NPAT | ||
| $240m - $250m | $248m - $253m | |
| Underlying diluted EPS growth | ||
| 11% - 16% | 16% - 17% | |
| Underlying NPATA | ||
| $290m - $300m | $298m - $303m | |
Key assumptions include:
⁻ No material adverse impacts from current geopolitical uncertainties.
- ⁻ Key risks as set out in the 2023 Annual Report (pages 49 to 51).
This announcement is authorised by the Steadfast Disclosure Committee.
For more information, please contact: Shalome Ruiter Steadfast Group Limited Executive General Manager - Investor Relations & ESG M: +61 404 811 847 E: [email protected]
Steadfast Group, established in 1996, is the largest general insurance broking network and the largest underwriting agency group in Australasia. The network provides services to broker businesses across Australia, New Zealand, Asia and London. In FY23, Steadfast Network brokers and underwriting agencies generated billings of approximately $14 billion. Steadfast also operates as a co-owner and consolidator through its equity interests in a number of broker businesses, underwriting agencies and other complementary businesses. Steadfast Group also owns ISU Group, an independent insurance agency network in the USA generating billings of approximately USD$6 billion and has a 60% equity stake in Unison Steadfast, a global general insurance broker referral network with 271 brokers in 115 countries.
For further information, please visit investor.steadfast.com.au
1 Based on unaudited management accounts.
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