Johns Lyng announced it 1HFY23 results for the period ended 31 December 2022

On 21 February 2023, Johns Lyng Group Limited (ASX: JLG) announced its 1HFY23 Results, revealing:

• A significant increase in their EBITDA and an upgraded revenue forecast of 11.2% for the full year.
• The company announced the upgraded forecast revenue and EBITDA for FY23, which is now at AU$1.146 billion and AU$111.1 million, respectively, reflects a 5.5% increase in EBITDA and an 11.2% increase in revenue compared to the previous forecast.
• The strong earnings growth in 1HFY23 has been primarily driven by the high volume of Business as Usual and Catastrophe work. These activities have resulted in a record-breaking first half earnings growth for the company.
• The company’s EBITDA for the 1HFY23 increased by 63.0% to AU$59.4 million compared to previous corresponding period (PCP) and Sales Revenue for the period increased by 71.2% to $635.6 million compared to PCP.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com