Stealth Group (ASX:SGI) FY24 Results Overview

Stealth Group Holdings Ltd (ASX:SGI) has announced its full-year results for 2024, showcasing a record-breaking performance. The company reported significant growth in revenue, profit, and cash holding, reflecting its strong execution and strategic agenda. With a focus on market share growth and differentiation, Stealth Group has demonstrated resilience in the face of market challenges, positioning itself as a market-leading alternative to major players. The company's continued investment in data, digital, and automation has contributed to improved productivity and efficiency, further strengthening its market position.

Executive Commentary on FY24 Performance

The results reflect our unwavering commitment to delivering value to our customers and shareholders. We are pleased with the progress made on our strategic agenda, which has allowed us to achieve record revenue, profit, and cash holding. Our focus on productivity, cost reduction, and profitability improvement has yielded positive outcomes, positioning us for sustained growth. The recent acquisition of Force Technology has been a significant contributor to our performance, and we are optimistic about the opportunities it presents for future growth.

Summary of FY24 Results and Outlook

Stealth Group's FY24 results demonstrate its position as a market-leading distribution company, with a strong focus on delivering value to customers and shareholders. The company's achievements in FY24, including record revenue, profit, and cash holding, underscore its resilience and strategic execution. Looking ahead, Stealth Group aims to outperform its FY24 performance in FY25, with a projected underlying annual revenue of approximately $159m. The company's strategic initiatives, including the launch of a loyalty program, store investment programs, and multiple growth drivers, are expected to drive continued growth and solidify its position as a market leader.