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Sydney, Aug 24, 2017 AEST (ABN Newswire) - MYOB Group Limited (MYOB) (ASX:MYO), a leading provider of online business management solutions to Australian and New Zealand businesses, is pleased to announce its interim financial results for the six months ended 30 June 2017.

This video presentation is by the Chief Executive Officer for MYOB Ltd, Tim Reed.

Highlights

- Australia and New Zealand leadership position continues to strengthen

- Strong financial performance driven by revenue growth from accelerating online subscriber growth and improved customer lifetime value

- New payments segment unlocks $1.2 billion Total Addressable Market (TAM), increasing MYOB's total TAM opportunity to more than $3 billion

- MYOB's Connected Practice vision is leading the path of digital transformation amongst SMEs and their Advisers, and driving new client wins

- Positive trajectory continues, with FY17 revenue growth rate expected to be within the 13% - 15% range; EBITDA margin guidance narrowed to 45% - 46% range
- On-market share buy back of up to 5% of issued capital over the next 12 month period

To watch the video, please visit:
http://www.abnnewswire.net/press/en/89702/myo


About Myob Group Ltd

MYOB Group Ltd (ASX:MYO) is a leading cloud based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally. For more information, follow @MYOB on Twitter or visit http://investors.myob.com.au/Investors

      


Contact

Investor and Analyst Enquiries
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

Media Enquiries
Morag MacKinnon
Financial PR Specialist
P: +61-2-9089-9295
M: +61-415-066-744
E: morag.mackinnon@myob.com
W: www.myob.com


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