Toll reports strong performance for 2022 FY


31st May 2022
Toll Group says it has reported a strong financial performance for the full year 2022, showing it had reached an important turning point in its financial performance and outlook.

 

 

 

Toll Group says it has reported a strong financial performance for the full year 2022, showing it had reached an important turning point in its financial performance and outlook.

The logistics company reported revenue of $7.6 billion, and Earnings Before Income Tax (EBIT) of $341 million, which it says was a significant increase from the previous year.

“2022 was a very significant year for Toll Group,” Thomas Knudsen, Toll Group Managing Director, says.

“We divested the loss-making Australian Express business, simplified our operations, and delivered strong growth in our forwarding and logistics operations,” he adds.

Toll Group says it delivered a net profit and positive cash flow for the year.

It adds that Global Logistics reported revenue of $3.3 billion and an EBIT of $137 million with strong performances in government contracts in Australia and Singapore contributing to the result – including the company’s important work in supporting the pandemic response.


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