Domain 1HFY19 update: pricing power and depth penetration save the day…

On 15th February 2019, Domain reported its 1HFY19 earnings.

Pricing power, depth penetration and adjacent businesses drove revenue growth in an otherwise tough housing market while weakness in print meant overall revenue growth was flat YoY.

Domain Group 1HFY19 performance (excluding extraordinary items, A$mn)

On 15th February 2019, Domain reported its 1HFY19 earnings. Some of the key highlights from the announcement include:

  • Revenue of A$183.9mn up 0.3% from 1HFY18.

  • Operating EBITDA of A$52.7mn down 7.1% over 1HFY18.

  • Net Profit (excluding extraordinary items) after Tax of A$21.1mn down 14.2% over 1HFY18.

  • EPS, excluding extraordinary items of 3.64 cents, down 15.1% over 1HFY18.

  • Non-cash goodwill impairment charge of A$178.8mn relating to treatment of accounting standard AASB 136 driven by lower near-term growth assumptions.

“This article is an extract of a report published by our sister company Venture Insights. To enquire about becoming a subscriber, please contact Nigel Pugh.”