Site Group International has been named as one of the fastest growing companies in Australia for the second year in succession.
BRW Magazine’s list of Australia’s 100 fastest growing companies featured Site at number 11, reporting revenue growth of 136% in 2015, to $40.74 million.
Now in its 26th year, BRW’s Fast 100 ranks entrants’ revenue growth based on auditor-verified data from the previous four financial years.
Site Managing Director Vern Wills said the rapid growth of the company demonstrated the success of its carefully targeted growth strategy, as well as the favourable conditions prevailing in its key markets.
“Our business is doing very well and we see the trend continuing for the foreseeable future,” he said.
“This is the second year in a row that we have been listed in the Fast 100, and this accolade is a real tribute to our highly qualified and professional staff, who can take pride in our excellent performance and high levels of customer service.”
Site has continued to grow in 2015, completing the acquisition of Wild Geese International and Innovium, as well as achieving substantial organic growth.
“We are very pleased with the integration of Wild Geese and Innovium into Site Group and expect the benefits to grow over the next 12 months,” Mr Wills said.
Other substantial achievements for the group include opening the Underground Mine Environment in the Philippines and winning a major contract to construct a Live Process Plant training facility in PNG.
“We see great opportunities for continued growth and we need to make sure we maintain our momentum while simultaneously managing that growth carefully, so we preserve our high standards of customer service and delivery,” he said.
Site reported revenues of $40.7 million for the 12 months to June 2015, and earnings before interest, tax depreciation and amortisation of $4 million.
View the original article