SRG Global Ltd. (ASX: SRG) has updated its FY23 EBITDA projection to a range of AU$79 million to AU$80 million, which includes an EBITDA contribution in the range of AU$4.5 million to AU$5 million from the recently acquired Asset Care business for the four months from 01 March 23 to 30 June 23. The company has stated that its Asset Care's business integration is going incredibly well, and the clientele has been responding favourably, which is consistent with its strategic justification for the acquisition.
The internal operating model and working connections have been ingrained throughout the company, and numerous cross-selling opportunities and new projects as a merged company have already started. All three of the Company's operating segments—Asset Maintenance, Mining Services, and Engineering & Construction—performed well. It has secured more than AU$1 billion of new work in FY23 and is well positioned for long-term sustainable growth into the future with a large pipeline of further opportunities and multiple organic levers to grow the business moving forward.
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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.
