Ventia reports strong annual results, exceeds guidance

Ventia has announced a strong full-year result for the financial year ending on Dec 31 2023, with 10% revenue and EBITDA growth.

The company's net profit after tax and abnormals (NPATA) also saw a 12.5% increase, surpassing the top end of their guidance range.

Ventia's chief executive, Dean Banks, attributed the robust performance to their strategy of being client-focused, innovative, and sustainable.

He highlighted the growth achieved through cross-selling and the renewal rate, as well as the submission of emission targets for validation.

The company declared a final dividend of 9.41 cents per share, franked to 80%.

Looking ahead, Ventia expects NPATA growth of 7-10% for the 2024 financial year.