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The latest announcement is out from Waterco Limited ( (AU:WAT) ).
Waterco Limited reported a modest 1.6% decline in half-year sales revenue to $130.3 million but delivered stronger profitability, with EBITDA up 10.9% to $17.3 million and NPAT rising 13.4% to $6.7 million, supporting a fully franked interim dividend of 7 cents per share. Margin gains were driven by the strategic insourcing of manufacturing, particularly plastics for Davey products into Malaysia, and despite softer demand in some markets, the group highlighted growth prospects in Australia, Europe and North America, backed by expanded capacity, new distribution channels and an upcoming unified global IT platform.
In Australia and New Zealand, revenue fell as European supply chains were realigned, while Europe and North America delivered higher combined sales and a sharp EBIT rebound on stronger demand for Waterco-branded products and new distribution agreements. Asian external sales were weaker amid subdued capital flows, but insourcing and capacity expansion in Malaysia significantly lifted regional EBIT and group margins, as ongoing integration of Davey operations and systems is expected to generate further efficiency and profitability improvements.
The most recent analyst rating on (AU:WAT) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Waterco Limited stock, see the AU:WAT Stock Forecast page.
More about Waterco Limited
Waterco Limited is an Australian-based manufacturer and distributor serving the swimming pool, spa, water treatment and related water technology markets. The company operates across Australia and New Zealand, Asia, Europe and North America, with an increasing focus on insourcing production to its Malaysian facilities to enhance control, margins and capacity.
Average Trading Volume: 1,588
Technical Sentiment Signal: Buy
Current Market Cap: A$181.8M
Find detailed analytics on WAT stock on TipRanks’ Stock Analysis page.