ONE has closed out its financial performance for the 2021 financial year (ending March 2022) with “exceptional” profit performance.
Announcing the results yesterday, chief executive officer Jeremy Nixon said the line had built up its balance sheet and cash reserves to the highest level since its operational launch in April 2018.
“Financials were consistently ahead of forecast over the entire year, and this was the third year of consecutive profitability.
“The earnings before interest and tax (Ebit) margin were ahead of ONE’s competitor industry peer group for the full 2021 calendar year,” he added.
Nixon expressed caution for the rest of 2022 in the face of many trading uncertainties and expected economic headwinds. “Additionally, there is still a strong need for further investment in decarbonisation and digitalisation over the course of 2022 and beyond.”
