Ventia's FY23 Financial Performance Announcement

Ventia Services Group Limited (ASX: $VNT) has reported a robust full-year result for the financial year ended 31 December 2023, with a 10% revenue and EBITDA growth. The company's NPATA surged by 12.5% to $202.1 million, surpassing the upper end of their guidance range.

Executive Commentary on FY23 Performance and Strategy

Ventia Group Chief Executive Officer, Dean Banks, highlighted the company's commitment to redefining service excellence through client focus, innovation, and sustainability. He emphasized the consistent and reliable performance as a testament to the success of their strategy and operating model. Banks also expressed confidence in the future growth opportunities across all business sectors, underpinned by strong demand drivers and market trends.

Summary of Ventia's FY23 Results and Outlook

Ventia's FY23 result showcased solid financial performance and growth across all sectors, with NPATA reaching $202.1 million, a 12.5% increase from the prior corresponding period. The company's strategy to deliver service excellence for clients and long-term value for shareholders remains a key focus. Ventia's commitment to safety and sustainability is evident through the positive momentum in TRIFR and the development of net zero targets. With a strong balance sheet and high cash flow conversion, Ventia is well-positioned to execute its strategy and deliver sustainable returns for shareholders. The company has announced a 2024 guidance range for NPATA growth of 7 to 10 percent compared to FY23, reflecting confidence in continued revenue and earnings momentum. Ventia will provide a market briefing to further discuss these results and outlook.