AUS
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UK
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Highlights
- Wagners is a diversified construction material company which was founded in 1989
- In FY24, the company anticipates continuous growth in cement and concrete volume
- John Wagner has the maximum stake in WGN with a shareholding of around 11.95%
Wagners Holding Company Limited (ASX:WGN) is an ASX-listed diversified Australian construction material company which is engaged in the production and distribution of construction materials. Established in 1989, the company operates in international and domestic market.
In the financial year 2023 (FY23), the company delivered around 41% YoY surge in group revenue to AUD 477.3 million, backed by higher demand for CFT (composite fibre technology) and CMS (construction materials and services). Dring the stated period, gross profit grew by 36% YoY, driven by precast, cement and bulk haulage and cash flow from operations zoomed by 102.3% to AUD 35.4 million. Meanwhile, net debt increased by 13.8% YoY to AUD 93.4 million.
Top 10 shareholders of WGN
The top 10 shareholders of WGN have around 64.28% of the shareholding in the firm. The top two shareholders of the firm are Wagner (John) and Wagner (Denis), with a shareholding of 11.95% and 11.79%, respectively.
Recent business update
Through an ASX update dated 19 December 2023, the company informed that its director, Denis Wagner has acquired 10,317 shares on 12 December, 8,141 shares on 13 December and 2,885 shares on 14 December. With this development, the number of shares held by Wagner reaches 103,998,114.
Outlook
In FY24, the company anticipates continuous growth in cement and concrete volume, followed by an uplift in business performance and improvement in market conditions. WGN expects its bulk haulage business to grow from the resource sector in CMS segment. Moreover, concrete demand is anticipated to push cement, flyash and aggregates businesses sales higher.
Share performance of WGN
WGN shares closed at AUD 0.9 on 16 January 2024. In the past one year, WGN’s share price has increased by 12.5%, and in the last one month, it has surged by 8.43%.
The 52-week high of WGN is AUD 1.12, recorded on 7 September 2023 and the 52-week low is AUD 0.52, recorded on 15 March 2023.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 16 January 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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