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Eclipx Group Provides 1H 2021 Results

06 May 2021  |  08:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1H21 Results - Media Release

Eclipx Group provided 1H 2021 results. The Group continued to outperform in the first half of FY 2021 (1H 2021). This is the first clean reporting period following the completion of the Group Simplification Plan in August 2020. NPATA was $39.3m in the half, up 77% compared to the first half of FY 2020 (prior comparative period). Cash conversion of 157% during the half has enabled an accelerated reduction in net corporate debt to below target levels, allowing the Group to commence its capital management strategy nearly six months ahead of internal schedule.

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