Centurion Group FY23 results – Record financial performance and significant strategic progress

Centurion Group FY23 results – Record financial performance and significant strategic progress

Highlights

FY23 Adjusted EBITDA up 26% to $110.90m.
Revenue up 15% to $515.71m.
Adjusted profit after tax up 46% $34.33m.
Completion of five major acquisitions: Blue Drop Solutions Inc, RioView Industries Inc, Whitetail Energy Services Inc, BBB Catering Pty Ltd and Heroult Marine Modules B.V.

Commenting on the results, Fernando Assing, Chief Executive Officer, said:

“2023 marked another year of record financial performance for Centurion, as the Group sharpened its focus on delivering technical, efficient and sustainable rentals and services to critical industries. We made significant progress against our strategy to diversify and expand the business, extending our offering to new end-markets and geographies.

“This was underpinned by five major acquisitions, which significantly enhanced the Group’s capabilities and positioned it for growth in adjacent markets, from offshore wind to specialist water treatment. In addition to these acquisitions, the successful divestment of our SITE business repositions the Group, whilst also generating significant value to all stakeholders, and will allow us to accelerate the Group’s wider growth strategy, both organically and via further acquisitions.

“Centurion’s good momentum has continued in to 2024, underlining the strength of our business model and the sustained demand for our products and services around the world. We look forward to continuing to build on this throughout the rest of the year, for the benefit of all our stakeholders.”

Published: 29-07-2024