GWA Group's 1Q FY25 performance review

GWA Group (ASX:GWA) held its 2024 Annual General Meeting in Brisbane, presenting a 4.2% rise in group revenue and a 2.7% increase in group volume for the first quarter of FY25, despite market uncertainties. The company discussed strategic priorities, financial performance, ESG initiatives, and future outlook.

GWA Group's strategic outlook and goals

GWA Group has reported a promising start to FY25 with a 4.2% increase in revenue and a 2.7% rise in volume. Despite uncertainties in the market, the company remains focused on its 'Customer First' and 'Profitable Volume Growth' initiatives. GWA aims to increase its market presence through the 'Win the Plumber' strategy and maintain operational and cost discipline. The company has also made significant ESG strides, including a reduction in emissions and increased use of sustainable packaging. With board changes and a revised remuneration framework, GWA is aligning its governance with shareholder interests. The outlook for FY25 remains cautious, with expectations of a modest recovery in the UK and challenging conditions in New Zealand. GWA continues to prioritize customer-focused strategies and profitable growth in this variable economic landscape.

Executive commentary on GWA's performance and strategy

The market remains uncertain with mixed outlooks in different segments. Strong demand is expected in health and aged care projects and commercial refurbishments in Australia, while detached housing and commercial new builds are expected to decline.