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GWA Group Reports FY 2021 Full Year Results

16 Aug 2021  |  08:17:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Results Media Release

GWA Group announced its financial results for the year ended 30 June 2021. It reported Group revenue increased by 1.8% to $405.7m, reflecting improved residential construction activity in Australia in the second half and strong sales growth in the NZ and UK businesses, partially offset by the continued decline in the Commercial segment in Australia. Group EBIT before significant items declined by 4.7% to $68.5m compared to $71.8m for the prior year. Notwithstanding the full year decline in EBIT, revenue, EBIT and EBIT margin increased in the second half of FY 2021 over the first half of FY21 which provides positive momentum into FY 2022.

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