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The latest announcement is out from Lynch Group Holding Ltd ( (AU:LGL) ).
Lynch Group Holdings Limited reported solid revenue growth for the first half of FY25, despite challenging consumer conditions in both Australia and China. The company saw a 5.3% increase in revenue to $196.5 million, driven by strong demand for floral products in Australia and significant growth in tulip and export volumes in China. Although EBITDA slightly decreased by 0.8%, the company maintained stability in Australia with improving margins through range management and cost control initiatives. In China, despite a drop in rose pricing, the company achieved strong revenue growth through increased tulip and export volumes. Looking forward, Lynch Group expects continued positive revenue performance in Australia and gradual improvement in pricing in China as market conditions stabilize.
More about Lynch Group Holding Ltd
Lynch Group Holdings Limited is a leading vertically integrated wholesaler and grower of flowers and potted plants in Australia and China. The company focuses on the floral industry, providing products to supermarkets and other retail channels, with a significant presence in both domestic and export markets.
YTD Price Performance: -5.71%
Average Trading Volume: 58,535
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$211.8M
For a thorough assessment of LGL stock, go to TipRanks’ Stock Analysis page.
