Slater & Gordon has announced its full year results for FY2013. The results, which include the integration of new UK acquisition Russell Jones & Walker, show that total revenue up 36.7 percent to A$297.6 million, NPAT is up 67.6 percent to A$41.9 million and the full year dividend up 10 percent to 6.6 cents per share fully franked. These results all exceeded market guidance.
The firm’s UK business delivered A$70.5 million in revenue and an EBITDA margin of 20.5 percent. In light of the firm’s A$64.7 million equity raising in May, further acquisitions in the UK are expected – one acquisition was completed last week, a second acquisition will be completed by the end of this month while due diligence is being conducted on a third potential UK acquisition.