Smartgroup Corporation Ltd ( (AU:SIQ) ) has issued an update.
Smartgroup Corporation Ltd reported a strong financial and operational performance for the year ending December 2024, with a 22% increase in revenue and an 18% rise in EBITDA. The company has seen significant growth in novated leasing and electric vehicle orders, reflecting its strategic focus on customer experience and digital enhancements. The firm maintained a strong cash flow and low debt, allowing it to declare substantial dividends, demonstrating its commitment to returning capital to investors while investing in growth. The company’s strategic initiatives, including divesting non-core businesses and enhancing digital platforms, have positioned it well for future efficiencies and market competitiveness.
More about Smartgroup Corporation Ltd
Smartgroup Corporation Ltd is a leading provider of employee services and fleet solutions. The company focuses on salary packaging, novated leasing, and fleet management, catering to a diverse range of clients and industries.
YTD Price Performance: 2.67%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $665M
For an in-depth examination of SIQ stock, go to TipRanks’ Stock Analysis page.