MOVE LOGISTICS GROUP RESULTS FOR YEAR ENDED 30 JUNE 2022

MOVE Logistics Group Limited (NZX/ASX: MOV) has reported earnings in line with guidance for the 12 months ended 30 June 2022 (FY22), as it continues with its two year programme to reset the company to deliver growth.

Revenue of $349.1m with Underlying EBITDA of $54.3m demonstrated solid progress during the period.

Despite a challenging operating environment in FY22, the company is well positioned with a clear strategy, strengthened balance sheet, experienced leadership team and ambitious growth targets.

Early stage growth initiatives are underway with returns expected to build from FY23 onwards, including the acquisition of the assets of Fluidex Transport Limited.