Brief: Steadfast Group Says FY22 Underlying Revenue Of A$1,135.9M, Up 26.2%

Steadfast

17/08/2022 02:32

Aug 17 (Reuters) - Steadfast Group Ltd  SDF.AX :
    * FY22 UNDERLYING REVENUE OF A$1,135.9M, UP 26.2%
    * FINAL DIVIDEND (FULLY FRANKED) OF 7.8 AU CPS, UP 11.4%
    * A$225M FULLY UNDERWRITTEN EQUITY INSTITUTIONAL PLACEMENT
AND
ACCOMPANYING SPP
    * SEES FY23 UNDERLYING NPAT GUIDANCE BETWEEN A$190 MILLION
AND
A$202 MILLION
    * SEES FY23 UNDERLYING EBITA GUIDANCE A$400 MILLION AND
A$420
MILLION
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF
INSURANCE
BRANDS AUSTRALIA PTY
    * SEES FY23 UNDERLYING DILUTED EPS (NPAT) GROWTH GUIDANCE 5
- 11%
    * ACQUISITION PRICE OF TOTAL CONSIDERATION UP TO A$301
MILLION
    * DEAL EXPECTED TO BE EPS ACCRETIVE IN FIRST FULL YEAR PRE
SYNERGIES
    * ALSO INTENDS TO OFFER A NON-UNDERWRITTEN SPP TO RAISE UP
TO AN
ADDITIONAL A$25M
    * FY22 STATUTORY NET PROFIT AFTER TAX A$171.6 MILLION VERSUS
A$143.0 MILLION

Source text for Eikon:  ID:nASXc3BHCj 
Further company coverage:  SDF.AX 

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