DGL Group Limited Half Year Financial Report

DGL Group Limited (ASX:DGL) (NZX:DGC) has reported strong financial results for the first half of the 2022 financial year, exceeding expectations.

The Group achieved record revenue of $143m, normalised EBITDA of $23m and statutory NPAT of $8.5m (includes $2.3m of acquisition costs).

The results demonstrate DGL's ability to successfully execute their strategy of investing for growth, with 7 acquisitions successfully integrated to expand and diversify DGL’s scale, geographies, expertise and offerings.

DGL reconfirmed their upgraded earnings guidance for FY22 with forecast revenue of ~$343 million and forecast EBITDA of ~$54 million (before acquisition costs), which is significantly better than Prospectus forecasts.