CSG posts revenue of $199.2m

Customer wins drive growth says company

CSG (ASX: CSV) has reported revenues of $199.2 million for the financial year ended 30 June 2014, an increase from last year’s revenue of $181.3 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was $23.7 million, up from $17.4 million in June 2013.

According to an ASX statement, CSG’s Enterprise Solutions division had a number of customer wins including the re-signing of a contract with the University of Melbourne and new print-as-a-service contracts with the New Zealand Police and Bank of New Zealand.

“The [Enterprise Solutions] division has developed a significant pipeline of annuity contract opportunities which will drive growth in 2015 and beyond,” said CSG in a statement.

According to the company, the Business Solutions division will focus on delivering Samsung technology products to customers such as interactive white boards, boardroom displays, monitors, tablets and mobile handsets.

“The Finance Solutions division achieved revenue growth of 21 per cent. Lease receivables increased by 40 per cent to close at $161.5 million,” said CSG.

Turning to the financial year 2015, the company is forecasting revenue of over $220 million and EBITDA of $32 million.

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Tags ASX: CSVCSG Limitedfinancial results

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