WiseTech Global: 1H21 revenue up 16%, EBITDA up 43%

First half 2021 (1H21) overview

•  Total Revenue of $238.7 million, up 16% on 1H20
•  CargoWise revenue up 19% (1H21: $150.0 million; 1H20: $126.5 million), a testament to increasing customer usage of the CargoWise platform
•  Acquisition revenue1 of $88.7 million, up 12% on 1H202
•  Strategic investment (via in-house R&D and acquisitions) is driving CargoWise’s revenue growth and market penetration delivering:
  •  geographic expansion;
  •  the addition of new functionalities and products; and
  •  increasing momentum in the number of global customer roll-outs of CargoWise (eight new sign-ups since 1 January 20203 : Aramex, Hellmann, deugro, CEVA Logistics, a. hartrodt, cargo-partner, Seafrigo Group and Hankyu Hanshin Express)
•  Organisation-wide efficiency initiatives including synergies from acquisitions delivered $6.1 million in cost reductions in 1H21 (net benefit $1.0 million post $5.1 million restructuring costs)
•  EBITDA of $89.2 million up 43% and EBITDA Margin up 7pp – reflecting continued revenue growth and cost reduction initiatives
•  Underlying NPAT 4 of $43.6 million up 61%
•  Cash at 31 December 2020 of $251.4 million – 1H21 free cash flow of $48.7 million up 74% on 1H20
•  Fully franked interim dividend of 2.70 cents per share declared, payable on 9 April 2021

Thanks Bear77 & no need to remove posts, they migt help others as well