DGL Group (ASX: DGL) reports 26% jump in FY23 revenue; eyes strategic acquisitions

Wed 20 Sep 23, 10:59 AM | Team Kalkine

Image source: © Wrightstudio | Megapixl.com

Highlights

DGL Group is a diversified industrial group with operations in Australia, New Zealand and internationally.

In FY23, DGL’s sales revenue increased by 26% YoY and gross profit surged by 24.51% YoY.

Henry (Simon) has the highest stake in the firm with a shareholding of around 53%.

DGL Group Limited (ASX: DGL) is an ASX-listed diversified industrial group that operates in Australia, New Zealand and globally. The company offers full-service solutions, including warehousing, chemical formulation and manufacturing, recycling and waste management.

The industrial solutions provider has delivered 26.01% YoY growth in sales revenue to AUD 466 million in FY23. While its gross profit increased by 24.51% YoY to AUD 171.7 million, its underlying EBITDA surged by 26.93% to AUD 64.1 million during the reported period.

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