Property services group Johns Lyng has reported significant growth and record performance in FY22.
Revenue rose 57.5 percent to $895 million, EBITDA rose 58.9 percent to $83.6 million, and profit after tax rose 35 percent hundred up to $25.1 million.
The company said the result was underpinned by strong performance from the core Insurance Building and Restoration Services (IB&RS) division and activity related to disaster response, stemming from the June 2021 Victorian storms and the February 2022 floods in NSW and QLD.
Group chief executive Scott Didier said the IB&RS was looking for a “robust pipeline of work” going into the next financial year. The company will also look to advance its Strata Services growth strategy following acquisitions of several businesses in FY22.
Johns Lyng forecast fiscal year sales revenue of $1,030.9 million and fiscal year EBITDA of $105.3 million.
The board declared a final dividend of 2.8 cents per share.