IPD Group's FY24 Earnings Guidance

IPD Group Limited (ASX: $IPG) has issued its earnings guidance for the financial year ending 30 June 2024 (FY24) based on unaudited results for the 10 months ending April 2024 and management forecasts for May and June.

Executive Commentary on FY24 Earnings Guidance

It has been a transformative year for IPD with the completion of two strategic acquisitions, EX Engineering and CMI Operations. Merging our Addelec and Gemtek businesses has significantly enhanced our EV infrastructure team and we are capitalising on the growth in the market by securing a number of major projects during the year, including the electrification of Australia's largest bus depot. We are excited by IPD's evolution, with our extended product and service offering strengthening our overall value proposition to our existing customers and broadening our customer reach.

Summary of FY24 Earnings Guidance

IPD Group Limited (ASX: $IPG) has provided its earnings guidance for FY24, expecting the earnings to fall within a specified range based on unaudited results and management forecasts. The company's CEO, Michael Sainsbury, highlighted the transformative year with the completion of strategic acquisitions and the strengthening of the EV infrastructure team. IPD's extended product and service offering aims to enhance the overall value proposition to existing customers and broaden the customer reach, reflecting the company's commitment to innovation and its pivotal role in the electrification and decarbonisation of the economy.