Overview of Dicker Data's FY23 performance

Dicker Data (ASX: $DDR) has released its FY23 results, reporting a gross revenue of $3.3 billion and an EBITDA of $150.7 million, marking a 16.1% year-on-year increase. The company also achieved $823.2 million in recurring gross revenue, reflecting a 5.6% year-on-year growth. Additionally, Dicker Data saw a net profit after tax of $82.1 million, with earnings per share at 45.59 cents, up by 12.5% year-on-year. The company boasts a strong partner network, with over 10,000 active AU partners and 2,300+ active NZ partners.

Executive commentary on FY23 performance

The company's CEO, David Dicker, expressed satisfaction with the FY23 results, highlighting the consistent growth in gross revenue and the increase in active partners. He emphasized the company's commitment to diversity and inclusion, as evidenced by the recognition as the Diversity and Inclusion Champion for three consecutive years. The CFO, Mary Stojcevski, noted the positive trend in EBITDA and recurring gross revenue, indicating a healthy financial performance for the year.

Summary of FY23 results and outlook

Dicker Data's FY23 results demonstrate a robust financial performance, with significant growth in gross revenue, EBITDA, and recurring gross revenue. The company's active partner base in both Australia and New Zealand reflects a strong network for future growth. Looking ahead, Dicker Data aims to maintain its 100% dividend policy in FY24 and continue paying interim dividends in quarterly instalments. The company also plans to leverage its Australian operation to introduce more brands and technologies to its New Zealand business, focusing on expanding its lines of business with existing reseller partners and establishing new relationships to drive growth in the New Zealand market. Dicker Data's strategic move to accelerate the convergence of the Physical Security market with the traditional IT channel in 2024 is expected to increase the value the company brings to its partners and enhance its market share.