Australia · Delayed Price · Currency is AUD Coventry Group Earnings Call Transcripts
Fiscal Year 2025
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H1 FY25 saw flat sales and a small net loss due to one-off ERP costs, but EBITDA grew slightly. With the ERP upgrade complete and delayed payments collected, the group expects improved profitability and cash generation in H2, focusing on organic growth and debt reduction.
Fiscal Year 2024
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The AGM highlighted seven years of growth, a near-complete ERP rollout, and a clear strategy to reach AUD 500 million turnover and 10% EBITDA. Key challenges include economic softness and labor shortages, but confidence remains high for FY2025 and beyond.
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Sales and EBITDA grew for the seventh consecutive year, with strong performance in Fluid Systems and margin improvements across segments. ERP rollout and Steelmasters acquisition support future growth, while debt reduction and further margin gains are key FY 2025 priorities.
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Shareholders considered and were recommended to approve several resolutions related to the issue of placement shares to directors, a fund, and unrelated investors. No questions were raised, and voting was conducted by poll, with results to be announced to the ASX.