GWA Group (ASX:GWA), a leading provider of water solutions products and systems to households and commercial premises, has announced a strong financial performance for the year ended 30 June 2024, despite challenging market conditions.
The company reported a 3.4% increase in normalised net profit after tax to $45.6 million, driven by disciplined execution of its strategy and a focus on customer-first initiatives.
Key financial highlights include:
- Group revenue up 0.4% to $413.5 million
- Normalised EBIT up 5.4% to $74.2 million
- Strong cash flow generation with a cash conversion ratio of 110%
- Net debt reduced by 17%
- Fully franked final dividend of 8.0 cents per share, bringing the full-year dividend to 15.0 cents per share, a 15% increase
GWA Managing Director and CEO, Urs Meyerhans, expressed satisfaction with the company's performance. "Despite challenging markets, particularly in New Zealand, we delivered volume growth and improved earnings," he said. "Our focus on 'win the plumber' has been instrumental in achieving these results."
Meyerhans emphasised the company's strong financial position and its commitment to evolving its strategy for future growth. GWA is targeting specific market segments, including commercial aged care, healthcare, volume home builders, and social and affordable housing, to drive growth in the coming year.
While the broader market faces headwinds, GWA remains optimistic about its ability to deliver sustainable growth through its customer-centric approach and disciplined execution.
GWA Group (ASX:GWA), a leading provider of water solutions products and systems to households and commercial premises, has announced a strong financial performance for the year ended 30 June 2024, despite challenging market conditions.
GWA Group（ASX：GWA）是一家领先的提供家庭和商业场所水解决方案产品和系统的公司，在市场萎靡不振的情况下，宣布了2024年6月30日结束的财年的强劲财务业绩。
The company reported a 3.4% increase in normalised net profit after tax to $45.6 million, driven by disciplined execution of its strategy and a focus on customer-first initiatives.
该公司报告称，由于对其策略的纪律执行和以客户为先的举措，归一化后税后净利润增长3.4%，达到4560万美元。
Key financial highlights include:
- Group revenue up 0.4% to $413.5 million
- Normalised EBIT up 5.4% to $74.2 million
- Strong cash flow generation with a cash conversion ratio of 110%
- Net debt reduced by 17%
- Fully franked final dividend of 8.0 cents per share, bringing the full-year dividend to 15.0 cents per share, a 15% increase
- 集团营业收入增长0.4%，达到41350万美元
- 归一化的EBIT增长5.4%，达到7420万美元
- 现金流强劲，现金转换率为110%
- 净债务减少了17%
- 每股全年股息为15.0美分，其中全额派息的最后股息为8.0美分，增长15%
GWA Managing Director and CEO, Urs Meyerhans, expressed satisfaction with the company's performance. "Despite challenging markets, particularly in New Zealand, we delivered volume growth and improved earnings," he said. "Our focus on 'win the plumber' has been instrumental in achieving these results."
GWA董事总经理兼首席执行官Urs Meyerhans对公司的表现表示满意。他说：“尽管市场面临巨大挑战，特别是在新西兰，但我们实现了销售量和盈利的增长。我们专注于赢得水管工，这是实现这些结果的关键。”
Meyerhans emphasised the company's strong financial position and its commitment to evolving its strategy for future growth. GWA is targeting specific market segments, including commercial aged care, healthcare, volume home builders, and social and affordable housing, to drive growth in the coming year.
Meyerhans强调了公司的强劲财务状况以及其致力于为未来的增长演变其策略。GWA将针对特定的市场细分，包括商业老年护理、医疗保健、数量型住宅建筑商以及社会和经济适用房，以推动未来一年的增长。
While the broader market faces headwinds, GWA remains optimistic about its ability to deliver sustainable growth through its customer-centric approach and disciplined execution.
尽管整个市场面临风险，GWA仍然对其通过以客户为中心的方法和纪律举措提供可持续增长的能力持乐观态度。
