Sharechat Logo

Gentrack Group Limited (NZX: GTK) Half-Year Results

Thursday 27th May 2021

Text too small?

Gentrack Group Limited, a leading provider of software solutions for utilities and airports, today released its results for the half-year to 31 March 2021.

The results for the half-year show an increase in revenue of 0.7% to $51.0m. Utilities revenue increased 6% during the period (vs prior comparative period) driven by new customers and increases from existing customers.

Results Summary

• Revenue: $51.0m – up 0.7% on H1’20

• EBITDA: $7.0m – up 63.2% on H1’20

• Statutory NPAT: ($1.1m) loss

• Net cash: $22.4m up 33.5% on FY20

• No Interim Dividend payable

Updated guidance

In February 2021 Gentrack Group Limited advised that it expected full year EBITDA to be around $5m and revenues in line with FY20 of $100.5m.

With the turnaround accelerating, Gentrack now provides the following outlook update:

• FY21 revenues are expected to be slightly ahead of FY20 revenues of $100.5m

• FY21 EBITDA is expected to be around $10m for the year on the basis that research and development (R&D) costs are expensed

• Incremental R&D costs are expected to be at an exit rate of ~$3m/quarter by the end of the financial year

• The company expects to be net cashflow positive in FY21, building on the $16.8m of net cash reported at 30th September 2020. H2’21 cash generation is expected to be neutral or better.

Please see the links below for details

Results Announcement

Market Announcement

Financial Statements including Chair's Commentary

Investor Presentation

Source: Gentrack Group Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZME celebrates significant digital subscription milestone
GSH - Acquisition of Viaduct venue
DGL - Delisting from the Main Board of NZX Limited
KPG Annual Meeting 2022 presentation and address
NZL - Completion of Retail Bookbuild
ArborGen Announces Board Change
Oceania announces $500m sustainability-linked loan
MFB - Nomination of Cecilia Robinson
29th June 2022 Morning Report
GSH Appointment of new Chairman