Johnson Electric reports results for the year ended 31 March 2024
Highlights of FY23/24 Results
- For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year
- Gross profit totalled US$851 million – an increase of 19%
- EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23)
- Net profit attributable to shareholders totalled US$229 million – an increase of 45% compared to the prior year
- Underlying net profit, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, totalled US$252 million – an increase of 70%
- Free cash flow from operations totalled US$422 million compared to US$215 million in the prior year
- A recommended final dividend of 44 HK cents per share (5.64 US cents), which combined with the interim dividend paid, will amount to a 20% increase compared to total dividends declared for the prior year
- As of 31 March 2024, cash reserves amounted to US$810 million and the ratio of total debt to capital at year end was 18%
HONG KONG SAR - Media OutReach Newswire - 16 May 2024 - Johnson Electric Holdings Limited ("Johnson Electric"), a global leader in electric motors and motion subsystems, today announced its results for the twelve months ended 31 March 2024.