MYOB AGM presentation shows new wins

Company News

by Rachael Jones

Myob Group Ltd (ASX:MYO) has released details of its Annual General Meeting presentation.

The online business management system company report shows accelerated growth in online subscribers with new wins and migrations.

They expanded their addressable market by the acquisition of Paycorp – a new payments revenue stream.

And they strengthened their board and management team with four new additions.

They expect revenue growth to remain in the 8-10 per cent range for financial year 2018 with EBITDA margins of 43-45 per cent.

Shares closed up yesterday 0.93 per cent to $3.26.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.