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G8 Education Announces Results for the Year Ended 31 December 2020

23 Feb 2021  |  08:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CY20 Full Year Result Media Release

G8 Education announced its results for the full year ended 31 December 2020. Revenue and underlying CY 2020 EBIT reflect a combination of COVID-19 impacts, including various government support packages. The Group reported revenue of $788.1m down 14.4% on the prior year and underlying EBIT of $105.2m, down 11.9% on the prior year. Underlying EBIT includes CY 2020 employment costs of $12m relating to the employee payment remediation program announced in December 2020.

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