Ann: FY22 Investor Presentation, page-8

This:






This is the first full year where we get a sense of the pure organic growth in the US business (the last major acquisition, viz., the Todd Pipe business, happened in FY2020).

So, organic growth rates in the US as follows:

Revenue: +33%
EBITDA: +42%
EBIT: +64%
PBT: +84%

While the weakening A$:US$ rate would have assisted to a degree (A$:US$ rate averaged  around 0.72 in FY2022, compared to around 0.755 in FY2021), even adjusting for that, the constant currency growth would have been very strong.


If there were any remaining doubts about the merits of REH's foray into the US, these numbers will surely consign those doubts to history.


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