Autonomous Trucks
In addition to seeing revenue growth increase by 16.2 per cent to $2.99 billion, underlying earnings growth of 26.8 per cent jumped to $280.3 million the company announced this week. Continued high volumes across agriculture, automotive and container-related logistics activities helped drive the results despite container volumes weakening in the second half of FY23. Qube also completed two acquisitions during the financial year including 100 per cent of Kalari, a respected national bulk transport business. The Logistics and Infrastructure business unit delivered what Qube called “an exceptional result” in FY23 with underlying revenue increasing by 18.9 per cent to $1.34 billion, and underlying EBITA increasing by 54.2 per cent to $224.5 million. “With continuing high volumes across most commodities and markets, a strong balance sheet and multipledrivers of growth which we expect to continue, Qube is well placed to maintain this positive operatingperformance into FY24 from organic growth and a full period contribution from these recent acquisitions,” said Digney.