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Downer EDI Limited ( (AU:DOW) ) has shared an update.
Downer EDI Limited announced a significant financial turnaround for the six months ending December 2024, with a 4.7% increase in statutory NPAT and a remarkable 70% growth in pro forma NPATA. The company achieved a 37.1% rise in pro forma EBITA, attributing success to its ongoing transformation program which exceeded cost reduction targets and improved cash conversion. Downer continues to enhance its safety measures, reducing injury rates, and maintains a strong work-in-hand profile, despite a slight decrease due to strategic focus on revenue quality and selective tendering.
More about Downer EDI Limited
Downer EDI Limited operates in the engineering and infrastructure management industry, providing services across sectors such as transport, energy, utilities, and facilities management. The company is focused on delivering high-quality infrastructure services, primarily in Australia and New Zealand, and emphasizes improving revenue quality and operational efficiencies.
YTD Price Performance: 6.41%
Average Trading Volume: 719
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.28B
See more insights into DOW stock on TipRanks’ Stock Analysis page.
