In today’s update, the business said that unaudited segment EBITA for the 1QFY24 had improved by +31.7% to $5.4m (an increase from $4.1m in 1QFY23).
Count CEO, Hugh Humphrey, said the results reflected the business’ disciplined execution of its strategic plan.
“We are pleased to see the momentum we built in FY23 has carried through and delivered a strong start to FY24. We are particularly encouraged by the performance of our Accounting segment, where production has stabilised after a period of disruption due to industry-wide resourcing challenges.”
Mr Humphrey said that the business is well-positioned for ongoing growth as a result of client demand for integrated wealth and accounting services, coupled with earnings contribution from a number of recent acquisitions.
“We have already completed four quality acquisitions this financial year with significant opportunities in our growth pipeline. We’re making progress towards completing the acquisition of Diverger, a business that is complementary to Count and aligned with our strategic pillars. We expect the transaction to complete at the end of February 2024, unlocking benefits for all stakeholders and adding significant scale to our Wealth and Services businesses.”