It matters little really, we all know EBITDA is meaningless as a metric. And managers with any financial integrity will spend more time explaining the cash generating performance of the business and metrics like ROIC or ROE for the period. i didn't once hear the CEO refer to EBITDA, which is pleasing!
I note the result included negligible warranty and service provisions despite the significant hike in revenue. Perhaps this is a symptom of "a seller's market" where the CEO indicated that terms and conditions of contracts are now more favourable in the current business environment??
Ann: 1HFY2023 Investor Presentation - Correction to EBITDA, page-3
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