Revenue for 2015 was A$328 million, a lift of 10% on the full year 2014, while earnings before interest, tax, depreciation and amortisation (EBITDA) was up 19% to A$153 million.
CEO Tim Reed says the revenue performance reflected strong growth across all segments of the business and he was confident about the year ahead.
“2015 saw MYOB return to the ownership of public investors, undertaking the largest technology IPO in the history of the ASX. We enter 2016 with great momentum.
MYOB declared a final dividend of 5.0c a share, which it says reflects the company’s “pleasing results, strong cash flow and forward growth pipeline”.
Business unit results were:
SME Solutions (63% of total revenue)
• Revenue up 14% to A$205 million (FY14: $180 million), including from the acquisitions of Ace Payroll and IMS
• Organic revenue up 12% to A$202 million, driven by strong uplift in recurring revenue and growth in online users
• Online users up 46% to 170,000, driving:
- 8% growth in the Paying User base to 545,000
- high and stable retention rates of 80%, and
- 5% growth in Average Revenue per Paying User (ARPU) to $379 per year
MYOB Chief Financial Officer Richard Moore said the company had made record investment in 2015 in technological innovation “while delivering double digit pro forma revenue, EBITDA and NPATA growth, all exceeding IPO forecasts”.
“In 2016 we continue our strategy of targeted investment for future growth and reaffirm June 2016 prospectus guidance.”