Morgans Queensland Conference
2018 Performance in Review: 2019 Forward Focus
Cardno grew EBITDA by 28% in FY18 to $56.2m which was in line with market guidance of $55m to $60m.
Cardno is entering a phase of stability with incremental growth driven by business optimisation and accretive
acquisition - simple and boring.
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Cardno®
Organisational restructure in Australia/ US largely complete and the Board does not expect further restructure costs going forward.
Key focus of business now:
Returning all divisions to organic growth.
Expanding EBITDA margins across all divisions.
Considerable BD investment made in FY19 which will see some parts of the business go backwards given the lag between cost
introduction and revenue/ profit benefit.
Explore on strategy bolt on acquisitions to gain access to geographies, skill sets or service lines.
Disciplined process established for due diligence and integration.
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Considerable IT/ Digital investment to elevate the business to better service clients and increase productivity.
Executing on greater client collaboration across offices.
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