Harvey Norman Reports Solid FY24 Financials
Company Announcements

Harvey Norman Reports Solid FY24 Financials

Harvey Norman Holdings Ltd (AU:HVN) has released an update.

Harvey Norman Holdings Ltd has reported a robust financial performance for FY24, with operating cash flows of $686.53m and a total system sales revenue of $8.86bn, marking a 5-year CAGR of 7.2%. Despite a downturn in reported PBT, which saw a 20.6% decrease from FY23, the company boasts a healthy cash conversion rate of 100.4% and solid net assets worth $4.54bn. Looking forward, the company is poised to capitalize on the expanding AI-PC market to fuel future sales growth.

For further insights into AU:HVN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskHarvey Norman Announces Share Buy-Back Program
TipRanks Australian Auto-Generated NewsdeskHarvey Norman Faces Court Ruling on Misleading Ads
TipRanks Australian Auto-Generated NewsdeskHarvey Norman Announces 2024 Annual General Meeting
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App