Seven Group’s Strong FY24 Financial Results

Seven Group Holdings Limited (AU:SVW) has released an update.

Seven Group Holdings Limited (SGH) reported a robust financial performance for FY24, with a 10% increase in revenue to $10.6 billion and a significant 30% rise in NPAT to $850 million, outpacing previous guidance. The growth was driven by strong results in their Industrial Services sector, particularly from WesTrac and Boral, contributing to an EBIT surge of 20% to $1.4 billion. Despite a 16% reduction in operating cash flow due to working capital investments, shareholders saw a 30% hike in the final dividend to 30 cents per share.

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