Ann: Stealth Global 1H 2019 revenue up 13%, page-2

Proforma Total Group Revenue of $36.0m, up 13% on same period previous year and consistent with prospectus forecast.

1H 2019 accounts expected to be lodged with the ASX on/around 28 February 2019.

Managing Director Mike Arnold said: “I am delighted that the combined Group achieved such solid growth for 1H 2019 against the same period in the previous year. This is despite the distraction associated with the ASX listing and Heatley’s acquisition, and shows the underlying strength of our business model”.

“Longer term, sentiment across key markets and sectors Stealth operates in remains encouraging and management has increased confidence for growth in 2020 and 2021. In addition to organic growth Stealth is actively seeking further acquisition and strategic partnership opportunities aligned with our strategic criteria.”

A stronger performance is expected for the second half of FY19 supported by new customer gains.