SSH Group (ASX: $SSH) March 2024 Quarterly Activities Report and Appendix 4C highlights

SSH Group Ltd (ASX: $SSH) has reported positive financial results and operational developments in its March 2024 Quarterly Activities Report and Appendix 4C. The company achieved a positive operating cashflow of $2.3m for the quarter and $4.1m year-to-date, with a continual growth in cash balance over the last 3 financial quarters. The quarterly revenue stood at $10.8m, and the EBITDA for the quarter was $2.2m, reflecting a 21% margin to revenue. SSH Group continues to acquire quality new assets underpinned by customer demand for long-term hire.

Executive Commentary on SSH Group's Q3 FY24 Performance

Our team has excelled across all areas of our business, including Recruitment & Workforce Management services as well as Transport Fleet, Truck, and Machinery Hire. This strong performance in the last quarter reflects consistent financial progress across our operations. The SSH Group is dedicated to our long-term strategy, aiming for profitable growth in our core business while also exploring additional opportunities for value-driven expansion.

Summary of SSH Group's March 2024 Quarterly Activities Report and Appendix 4C

In the March 2024 Quarterly Activities Report, SSH Group (ASX: $SSH) demonstrated positive financial results, including a positive operating cashflow, revenue growth, and EBITDA margin improvement in Q3 FY24. The company's dedication to its long-term strategy and commitment to profitable growth in its core business while exploring additional opportunities for expansion underpin its outlook. SSH Group continues to strengthen its cashflow as it invests in higher margin Equipment Rental Divisions, and its Recruitment and Workforce Management vertical has performed exceptionally well due to operational cost efficiencies and cross-selling services within the Civil and Mining market segments.