First Impression: GWA Group (GWA) FY16 Result
Segment Performance: Bathrooms and Kitchens revenue up 3.6% to $342m, EBIT up 2% to $84.6m, EBIT margin 24.7%. ( 2H EBIT margins improving +116 bps on 1H16, but still down -46 bps on 2H15, with price increases and improved product mix partially offsetting FX headwinds; Doors and Access Systems revenue up 1.6% to $97.7m, EBIT up 1.4% to $7.3m, EBIT margin 7.5% | Net operating cash flow up 26.2% to $91.7m.
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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.
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