Hansen Technologies (ASX: HSN) AGM Highlights Global CEO Presentation
AGM Overview
Hansen Technologies Limited (ASX: HSN) recently held its 25th Annual General Meeting (AGM), featuring insights from Chairman David Trude and Global CEO and Managing Director Andrew Hansen. The meeting focused on the company’s FY24 performance and strategic outlook for FY25.
FY24 Financial Performance
Hansen reported a 7.3% increase in operating revenue from FY23, amounting to $334.7 million, excluding contributions from the powercloud acquisition. When including powercloud, the total revenue growth reached 13.2%. The Energy & Utilities sector experienced a 14.7% growth, demonstrating Hansen’s strong market position and diversification, with no single customer contributing over 8% of total revenue.
Cash EBITDA, excluding powercloud activities, increased 11.1% to $87.1 million, showcasing the company’s cash generative capabilities. The underlying EBITDA margin for the core Hansen business stood at 30%.
Strategic Developments
Hansen announced a reorganisation into two vertical streams, focusing on Energy & Utilities and Communications & Media. This structure is designed to enhance growth opportunities through better resource alignment and operational efficiency. Andrew Hansen commented on the company’s ongoing efforts to restore the recently acquired powercloud business to profitability, which is expected to be EBITDA positive by the second half of FY25.
Hansen has also embraced sustainability, establishing a global strategy to reduce emissions and enhance environmental responsibility. The company achieved carbon neutral certification for its Australian operations for the third consecutive year.
Future Outlook
For FY25, Hansen anticipates continued revenue growth, with an EBITDA guidance range of $92 million to $101 million. The company expects significant growth in the latter half of FY25, driven by the turnaround of powercloud and an expanding M&A pipeline.
Andrew Hansen stated, “We remain confident in the company’s ability to deliver growth in the medium term, supported by industry tailwinds and our robust balance sheet.”
CEO Remarks
Andrew Hansen expressed gratitude towards departing Non-Executive Director David Osborne for his years of service and highlighted the company’s commitment to both innovation and customer satisfaction while navigating digital transitions in their sectors.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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