Reece Group Strategy Update
17
US financial highlights
Ongoing operational uplift in challenging
market conditions.
Sales flat (US dollars)
• Trading environment subdued.
Modest deflation for the half.
Adjusted EBIT up 2% (US dollars)
• Continuing to embed fundamentals of
the Reece model.
•
•
Disciplined management of cost base
and wage inflation.
Investing through the cycle to build
a stronger business, focus on
network upgrade and expansion.
AUD
HY24
31 December 2023
HY24
HY23
Var.
HY22
(A$m)
Sales revenue
2,566
2,500
3%
1,867
Adjusted EBITDA
219
202
8%
148
Adjusted EBITDA margin
8.5%
8.1%
46bps
7.9%
Adjusted EBIT
134
127
5%
89
EBIT
134
127
5%
89
USD
HY24
31 December 2023
HY24
HY23
Var.
HY22
(US$m)
Sales revenue
1,683
1,678
0%
1,364
Adjusted EBITDA
143
136
6%
108
Adjusted EBITDA margin
8.5%
8.1%
46bps
7.9%
Adjusted EBIT
87
86
2%
65
EBIT
87
85
2%
65
55
Reece. Works for
you.View entire presentation