Smartgroup Corporation Ltd (AU:SIQ) has released an update.
Smartgroup Corporation Ltd reported a solid start to 2024 with a 5% growth in average monthly revenue and a 3% increase in EBITDA compared to the second half of 2023. The company is seeing continued demand for its novated leasing services, with electric vehicles making up 42% of new lease orders in Q1. Notably, the firm is actively managing costs and investing in technology to improve customer experience, while preparing for the South Australia Government contract, which is expected to incur $3 million in operating costs in the first half of 2024.
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