STW announces “credible” half year report card

STW announces “credible” half year report card
SHARE
THIS



STW’s CEO Michael Connaghan has described today’s financial results for the first half of the year as a “credible and hard fought result”.

STW posted an increase in revenue of 7.9% to $176 million, compared to the $163.2 million during the same period in 2012. EBITDA stood at $35.7 million, up 6.9%, while net profit after tax was $19.3 million, was up 7.2%. STW posted an interim dividend of 3.3 cents was per share, while the earnings per share of 4.9 cents was down 2.6%.

Connaghan said the result was achieved in the “new normal” of an extremely sluggish economy, and with a backdrop of political uncertainty and accelerating structural change in the industry.

"Despite these factors, we delivered solid growth in the first half. The momentum across key indicators of our business gives us encouragement that full year guidance of circa 15% NPAT growth and mid-single digit EPS growth remains achievable,” he said.

Connaghan went on to add:

“The diversification that underpins STW’s business model once again enabled a resilient result. The majority of our businesses performed well and to expectation.

“Our first half result would have been even stronger had an expected acquisition been completed earlier than has been the case, and had three mid-sized businesses not underperformed, dragging down the overall result. That deal is now done, the underperformers are back on track and we move in to the second half with confidence.

“There is no escaping though from the reality of really tough trading conditions and recalibration of business models. The growth we achieved in the first half was solid, and we remain committed to delivering the growth in the second half needed to achieve guidance.

“I am encouraged by significant progress and success in key pillars of our business. Our new business success in the first half has been outstanding. Across our portfolio, STW companies have won more than their fair share of the biggest opportunities in the market.

"Simply put, our businesses are competing for the best work, and winning."

Please login with linkedin to comment

Latest News

AI – To Join It Or To Beat It
  • Media
  • Opinion

AI – To Join It Or To Beat It

I'm afraid we can't let you read this piece Dave! That's a joke about A Space Odyssey 2001, young B&T readers.

Opinion

by B&T Magazine

B&T Magazine
AnalogFolk Opens In Shanghai
  • Advertising

AnalogFolk Opens In Shanghai

AnalogFolk has opened in Shanghai and, as B&T's trusty Funk & Wagnalls atlas tell us, is somewhere near Wollongong.

Social TV – Will You Be At The Party?
  • Advertising
  • Marketing
  • Media
  • Opinion

Social TV – Will You Be At The Party?

Can't keep-up with the goings-on in the Aussie TV industry? Well, hit the couch, pull on the trakkie daks & peruse this.

Opinion

by Rochelle Burbury

Rochelle Burbury
JWT Melbourne Hooks John West’s Creative
  • Advertising

JWT Melbourne Hooks John West’s Creative

You'd only need snog a B&T staffer to know of our affection for the John West oysters in aspic & smoked mackerel ranges.

by B&T Magazine

B&T Magazine
Sydney-Based Tech Marketing Firm, Law Of The Jungle, Scoops Top International Gong
  • Marketing

Sydney-Based Tech Marketing Firm, Law Of The Jungle, Scoops Top International Gong

Sydney-based online cloud solution for marketing compliance, Law of the Jungle, has beaten the world’s best firms to win a prestigious RegTech Markets 2017 Spotlight Award. RegTech Markets, a global community for regulatory technology, inaugurated these awards to “shine a light on the world’s best and brightest RegTech companies”.  A panel of 30 industry experts […]

Is This The Bleakest Christmas Ad Ever?
  • Campaigns

Is This The Bleakest Christmas Ad Ever?

Tired of pretty people pulling bon-bons in your Christmas campaigns? Well, here's one to slash the wrists to instead.

by B&T Magazine

B&T Magazine
The Truth About Native Advertising!
  • Opinion

The Truth About Native Advertising!

Do you stammer about the office, railing against native advertising's great untruths? Read this and stop scaring people.

Opinion

by B&T Magazine

B&T Magazine
Why Are We Only Just Starting To Use VR To Train Staff?
  • Opinion
  • Technology

Why Are We Only Just Starting To Use VR To Train Staff?

In this opinion piece, PHD’s news business and marketing manager, Chloe Hooper (pictured below), argues why all agencies should be embracing VR to change the way they operate internally. Virtual reality (VR) is something most of us have had exposure to, but how many of us are really exploiting its potential to grow our people […]

Opinion

by B&T Magazine

B&T Magazine
PRIA Announces Winners Of 41st National Golden Target Awards
  • Marketing

PRIA Announces Winners Of 41st National Golden Target Awards

The Public Relations Institute of Australia (PRIA) last night announced the winners of the 41st National Golden Target Awards at a glittering ceremony hosted by Aussie actor and TV host Shane Jacobson at the Sydney Opera House. A sold-out crowd of more than 160 PR and communication professionals from around the country came together to […]

Personalisation At Scale: Targeting Audiences With People-based Marketing
  • Marketing
  • Opinion

Personalisation At Scale: Targeting Audiences With People-based Marketing

In this opinion piece, Indy Khabra (pictured below), national managing director at Amnet ANZ, explains power of the the people-based marketing equation, and also reminds marketers that they cannot afford to take data for granted. We are all talking about it. We all want it. We are all trying to get it. It’s that one-to-one […]

Opinion

by B&T Magazine

B&T Magazine