Fleetwood (ASX:FWD) announced financial results for the full-year ended 30 June 2022.
The Company continues to generate strong cash flow and has maintained a healthy net cash position of $55.3 million at the end of FY22 compared to $57.6 million at 30 June 2021.
The Building Solutions business finished FY22 with an EBITA loss of $24.3 million on revenue of $333.1 million.
The RV Solutions business finished FY22 with EBITA of $9.8 million on revenue of $81.2 million.
The principal activities of the Company during the financial year were design, manufacture, and sale of manufactured accommodation; operation of accommodation villages; and manufacture and distribution of recreational vehicle parts and accessories and associated services.
No share units or options were issued or granted during the 2022 fiscal year or subsequent to year end.
As at 30 June 2022 there are Performance Right outstanding 2,392,073 (2021: 2,423,277).
On 1 July 2022, the Company issued 85,837 fully paid ordinary shares to Chief Executive Officer, Bruce Nicholson upon conversion of performance rights previously issued as a commencement incentive, pursuant to an employee incentive scheme, on the condition that the CEO is employed by Fleetwood Limited.
On 1 July 2022, the Company announced to the ASX that it had signed a five-year agreement with Rio Tinto to provide accommodation services at Searipple Village in Karratha, WA.
On 1 August 2022, the Company announced the appointment of Chief Executive Officer, Bruce Nicholson as Managing Director of Fleetwood Limited.
The Company will continue to pursue increasing both profitability and market share in its major business sectors.
A total dividend of 2 cents per share was declared with respect to the year ended 30 June 2022.
Following the announcement the company?s share price rose 2.097%.