DGL Group Limited reported underlying EBITDA of $65.6 million, a gain of 133% on pro-forma FY21, and 1% above prospectus guidance.
The company said the strong performance is due to increased demand from customers for DGL?s services with added capability and products from acquisitions, higher selling prices, and the contribution of sales revenue from acquired businesses.
?All three of our operating divisions performed exceedingly well, benefitting from our deep customer relationships and robust demand as customers continue to onshore their chemical supply chain and hold onto more inventory?, said Founder and CEO Simon Henry.
DGL noted many uncertainties in its operations and operating environment looking ahead and did not provide further guidance for FY23.
Shares in DGL Group dived more than 23% following the announcement.