Veris (ASX:VRS): Presentation, CEO Sessions Sydney

Company Presentations

by Carolyn Herbert

Veris (ASX:VRS), formerly known as OTOC, provides surveying and infrastructure services to the property, civil infrastructure, government and resources sectors.

It is the only ASX listed company that is undergoing a growth strategy centred on consolidation of the highly fragmented Australian Survey industry.

In FY16, Veris reported revenue of $121 million, underlying EBITDA of $16.2 million, and declared a maiden dividend. The company also implemented a $12 million capital raising and expanded debt facility to fund acquisitions.

In FY17, the company's strategy is to continue growing and enhancing its professional services business (through acquisitions and organic growth). In addition, it is currently evaluating several surveying acquisition targets.

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presents the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.