Coventry Group Ltd (CYG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'd now like to hand the conference over to Mr Robert Bullis, Chief Executive Officer and Managing Director and Mr Rod Jackson, Chief Financial Officer of the Coventry Group. Please go ahead. Great, thanks Darcy. Good afternoon everyone and welcome to the Coventry Group's FY25 Half Year Results teleconference. I'm Robert Bullis, the CEO and Managing Director and I also have with me our CFO Rod Jackson. So today I'll be providing you with an update on the Coventry Group's first half financial results, our key strategic initiatives, how our markets are trading and the substantial growth opportunities our business units have. There'll be an opportunity for questions at the end of the session. Any references I make to EBITDA during the teleconference will be to EBITDA pre-AASB16 and before significant items. So firstly to the FY25 half-year results. After many years of investment and repair work, the completion of the Microsoft D365 ERP implementation and related investment marks a significant milestone in the group's history. The group is set up for long-term success with the people, equipment and technology required to accelerate our strategy focused on delivery of profitable sales growth and achievement of our medium-term objective of 10% EBIT data sales. The group is well established position to take advantage of expected improving economic conditions in both Australia and New Zealand in 2025 on the back of interest rate cuts. The FY25 half-year result was delivered against a backdrop of difficult economic conditions in some jurisdictions and the destruction of the ERP upgrade go-lives across 73 branches. We estimate in excess of 10,000 hours went into the project for training alone. Significant hours were also committed by the leadership team, people within the busi...