Johnson Electric reports results for the half year ended 30 September 2024
Highlights of FY24/25 Half-Year Results
- Group sales US$1,854 million – down 4% compared to first half of the prior financial year
- Gross profit US$438 million or 23.6% of sales (compared to US$430 million or 22.2% of sales in the first half of the prior financial year)
- Adjusted EBITA US$177 million or 9.5% of sales (compared to US$180 million or 9.3% of sales in the first half of the prior financial year)
- Net profit attributable to shareholders increased by 8% to US$130 million or 13.92 US cents per share on a fully diluted basis
- Underlying net profit, excluding the net impact of unrealized gains or losses relating to exchange rate movements and restructuring costs, increased by 3% to US$133 million
- Free cash flow from operations US$144 million (compared to US$208 million in the first half of the prior financial year)
- Total debt to capital ratio of 12% and cash reserves of US$688 million as of 30 September 2024
- Interim dividend 17 HK cents per share (2.18 US cents per share)
