First Impression: FlexiGroup (FXL) FY16 Result

Bell Potter


Group new business volume for the year was $1,350 million, up 19% on the prior year, and closing receivables were up 47% to $2,094 million | FXL is launching a new payments product, Oxipay, in Sept | Dividend per share lower from FY16 due to shares issued as part of capital raise in Nov-16 (22% of issued share capital)- payout 56% of cash NPAT | Divisional Highlights; No Interest Ever Cash NPAT growth of 3%, volumes down 3%, and 2% decline in receivables; Australia cards NPAT growth 14%, driven by 40% volumes growth and 34% receivables growth; Australia Leasing cash NPAT decline 23% with volumes down 14%, receivables down 11%: impacted by lower volumes across all sectors; NZ Leasing cash NPAT growth 67% driven by 63% growth in volumes and 21% growth in total receivables | Net operating cash flow up 22% to $147.4m.

1 stock mentioned

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment