Half Year 2024 AUB Group Ltd Earnings Call Transcript
Good morning, and thank you for joining Mark and I for today's results briefing. The first six months of financial year '24 have been very eventful and successful for AUB Group. The group has delivered strong revenue growth of 36.4% and a 120 basis point EBIT margin expansion to 32.5%. Please note, comparisons to the first half of financial year '23 are made more complex because the prior period only included three months of Tysers' results.
I want to call out exceptional results in the New Zealand and agency's divisions and also acknowledge the continued strong performance in Australian Broking and BizCover. With Tysers, we've made significant progress and after a relatively short period with several initiatives and changes well underway. The progress with revenue and cost synergies has been pleasing. And I want to highlight that the Tysers' EBIT margin, since acquisition, has been consistently ahead of the 19.9% EBIT margin, revealed in the AUB acquisition case that was communicated in May 2022. And is also ahead
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