August 2019

VivoPower announces FY2019 Annual Results

VivoPower International PLC (“VivoPower” or the “Company”) is changing its financial year end to 30 June, with effect from 30 June 2019, This is being done to deliver on further productivity and cost savings by harmonising with the financial year end of its ultimate parent entity, Arowana International Limited, This Chairman’s Statement is accordingly for the three month period ended 30 June 2019. The key developments during this period were as follows:

  • Year on year revenue growth of 49% with a positive underlying EBITDA result of $0.4 million for the quarter;
  • Further growth in operating cashflow, resulting in unrestricted net cash balance increasing from $4.5 million to $7.1 million;
  • Continued balance sheet improvement, with a further reduction in net debt from $14.7 million to $13million (excluding the effect of the change in accounting policy with respect to leases);
  • Further 58% increase in Australian Critical Power Services forward order book to another all-time record of $54.2 million; and
  • Additional value adding progress made in both the Australian as well as US solar development businesses.

Further information:

VivoPower FY2019 ending 30 June 2019 Annual Report

Read More

October 2023

Lumify Group Expands its Portfolio by Acquiring City Desktop Training

October 2023

VivoPower Signs Definitive Joint Venture Agreement with Digital Twin Technology Company, Geminum

October 2023

Tembo Honoured with Electrical Vehicle Innovation of the Year Award in Dubai, United Arab Emirates

September 2023

Landmark Agreement with Francisco Motors to Electrify Jeepneys in the Philippines

July 2023

Lumify Group Launches New Training Provider Lumify Learn

June 2023

VivoPower Announces Strategic Direct Investment in Tembo at US$120M Pre-Money Valuation

1 2 3 20
crossmenu