Avada Group Sees Revenue Boost Amidst Market Challenges

Avada Group Limited (AU:AVD) has released an update.

Avada Group Limited has reported a 15.6% increase in revenue to $204.9 million and a 23.7% rise in underlying EBITDA for FY24, showcasing its resilience amidst market challenges like labor shortages and rising costs. The acquisition of STA Traffic Management has bolstered Avada’s market position, expanding its geographic footprint and client base. The company remains committed to growth through strategic acquisitions and maintaining strong cash flow generation to ensure long-term profitability.

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