INTEGRATED transport and logistics company Lindsay Australia reported a strong financial performance in the 2020-21 financial year in a statement to the ASX.
The company reported underlying earnings growth (EBITDA) of 12.1% to $45.3 million for the year.
Lindsay’s rail expansion lifted its transport division revenue to a record $297.3 million; 110 new refrigerated rail containers added to its capacity over the year.
Lindsay Australia CEO Kim Lindsay the company had delivered a strong result in FY21 despite the challenges presented by what has been a “highly fluid environment”.
“The outcome is testament to our employees who have remained committed to Lindsay as the company ensures Australia’s food supply chains remain unimpeded by the disruption of COVID‐19,” he said.
“Our ongoing drive to diversify the services available to our customers and deliver new and innovative solutions has helped the company to mitigate the challenges and take advantage of opportunities that presented during the fast-changing conditions seen over the year.”
Mr Lindsay said the company would continue to see strong demand for both its road and rail services and would further expand operation capacity in FY22.
“Rural will also continue to expand in FY22, benefiting from the full year contribution of its new Woolgoolga branch and emerging opportunities to extend our low‐cost branch model,” he said.
“The year demonstrated Lindsay’s disciplined approach to costs while growing our businesses. The Company will continue to drive organic growth forward in FY22 while maintaining a watching brief on any transaction‐led opportunities that may arise.”
