CEO Tim Reed Presents the FY2015 Results
Tim Reed, Chief Executive Officer said:
"2015 saw MYOB return to the ownership of public investors, undertaking the largest technology IPO in the history of the ASX. We enter 2016 with great momentum. We believe the accounting industry is transforming, with transaction processing, compliance and advisory services converging into one connected business process. We see this transformation and are preparing by developing a MYOB single platform, which will offer accountants, bookkeepers, small businesses and their consultants unparalleled ability to drive business success."
MYOB reported pro forma revenue of $328 million, up 10% on FY14, reflecting strong growth across all segments of the business. Pro-forma earnings before interest, tax, depreciation and amortisation (EBITDA) was up 19% to $153 million. Pro forma net profit after tax excluding amortisation of acquired intangibles (NPATA) was $86 million, up 22% on prior year. Pro forma financials exclude the one-off costs associated with the IPO, restate the historical capital structure to that now in place post-IPO and remove other one-off costs.
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About Myob Group Ltd
MYOB Group Ltd (ASX:MYO) is a leading cloud based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally. For more information, follow @MYOB on Twitter or visit http://investors.myob.com.au/Investors
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