Seven Group Holdings has reported a strong financial result for the six months ended 31 December 2022, with revenue of $4.6B up 16%, and EBIT of $595M, up 16%.
Seven says supported by robust activity in the resources, infrastructure and construction sectors, the Group's Industrial Services businesses delivered material growth, and Earnings per share (EPS) from continuing operations for the year was $0.94, up 18%.
It also says WesTrac, Coates and Boral all showed strong growth in earnings and Group guidance was upgraded to “Low to mid-teen per cent EBIT growth”.
Seven West Media retained its market leading position, with the #1 national ratings share in CY22.
The Group's adjusted net debt to EBITDA reduced from 2.8x to 2.7x HoH and the Group maintained a fully franked dividend of 23 cents per share.