Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 232 results for "EBITDA"

Link acquisition deal terminated

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... administrator also reaffirmed its FY23 guidance with revenue projected to increase by a low single digital percentage, operating EBITDA projected to be approximately 8-10% higher than FY22 and operating EBIT projected to be 10-12% higher than FY22. At ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... Looking ahead, Bhatia said after a year of consolidation and resetting, the group was well positioned to deliver operating EBITDA growth over the medium term, underpinned by its scale, expertise and proprietary technology platforms. "Our core businesses ...

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... billion for FY22, an increase of 32.4%. It also recorded underlying operating net cashflows of $90.8 million and underlying EBITDA of $88.2 million. As of this month, it has $60 billion in funds under administration, the platform said. The board has ...

HUB24 delivers record profit, growth

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
... underlying NPAT of $35.9 million, up 133% from the year prior. Releasing results today, it also had an underlying group EBITDA of $70.4 million (up 92% on FY21) and an underlying platform EBITDA of $62.3 million (up 64% on FY21). HUB24 reported record ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... funds under management and boosting overall revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) by more than a third. It added the acquisition will be funded through a combination of debt and equity. This includes $125 ...

Netwealth reports record inflows

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... and trusts transitioning." Netwealth added it remains in a strong financial position with a highly profitable and strong EBITDA margin, very high levels of recurring revenue and low capital expenditure. As of 30 June 2022, member accounts for Netwealth ...

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... also announced that its 2023 financial fear revenue is projected to increase by a low single-digit percentage. "Operating EBITDA is currently projected to be around 8-19% higher than FY2022 and operating EBIT is currently projected to be around 10-12% ...

Practice valuations to normalise: Report

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... practices with north of $3 million in revenue that is not co-located with the buyer are getting anywhere between 5x and 7x EBITDA. Meanwhile, a business with client fees between $2000 and $3000 per annum could sell for 1.5x to 2.2x recurring revenue ...

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
... period. The company reported NPAT of $14.2 million for the period, up 103% on the first half of 2021. Group underlying EBITDA also improved, up 80% to $29.7 million. During the period, HUB24's acquisitions of Xplore Wealth, Class and Ord Minnett PARS ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... enterprise value for Mainstream of around $415 million, including transactions costs and net debt and is equivalent to 36x EBITDA guidance. It follows an intense bidding war set off by Apex making a superior offer to SS&C's original bid of $2 per ...