Veda 2014 revenues grew by 12.4% to AUS$ 302 million. The most significant success was Veda’s listing on the ASX in December 2013, after an absence of six years. Shares were issued at $1.25, and demand for the stock drove the price up strongly, producing a total shareholder return of 58.4 per cent by the year end of 30 June 2014.
The Company’s underlying performance, when adjusted for costs associated with making the transition from full ownership by private equity, also rose strongly. Revenue increased by 12.4 per cent, reflecting strong growth across all business lines. Earnings before interest, taxes, depreciation and amortisation (EBITDA) showed double-digit growth of 21.7 per cent, exceeding the Prospectus forecast. Net profit after tax (NPAT) for the year was $22.7 million.
Nerida Caesar commented in the company’s annual report: “We are a data analytics business and the leading provider of credit information in Australia and New Zealand. Our team is committed to delivering innovative products and services, powered by technology that enables access to information in real time. This helps our customers make better decisions using Veda’s insights. We serve a diverse group of customers, across a variety of industries and, together with our customers, we are creating new ways of doing business. We actively seek customer feedback through interactions with our face-to-face teams, through social media and by using more formal interviews with our business customers. Through customer surveys these clients score the Veda team on various qualities, with the survey results being used to improve our service. I am pleased to say these scores have improved every year since the surveys began in 2012.”
Source: Veda Annual Report