Dicker Data shares dip 10% on full-year results to ASX

Dicker Data recently released its unaudited FY22 full-year results to the ASX. The IT distribution company saw a 25% YoY increase in revenue to $3,104.4 million and a 9.3% rise in EBITDA to $129.8 million. Despite these positive developments, the company's net profit after tax (NPAT) showed a slight decrease of 0.3% to $73.4 million.

One of the main challenges the company faced was increased costs, including higher salary and finance costs. The company also had to hold onto more inventory during the period due to an unsteady supply chain, which required the company to draw down on its debt at higher interest rates. Furthermore, the integration of Exeed and Hills also consumed additional capital.

Regarding the company's dividends, the final fully franked dividend was 2.5 cents per share, down from the 15 cents per share declared a year ago. However, this reduction was due to the increased interim dividends paid throughout FY22. Management stated that they have stuck to their policy of paying 100% of NPAT to shareholders. The ex-dividend date for this year's final dividend is February 13th, 2023, and eligible shareholders will receive their dividend on March 1st, 2023.

Looking ahead, the company's full audited figures will be released on February 27th, 2023, in conjunction with an investor conference. This event provides investors with a comprehensive look at the company's financial performance during the fiscal year.

While the unaudited FY22 results show some challenges, the company has demonstrated its resilience and ability to adapt to changing market conditions. The positive YoY increases in revenue and EBITDA are promising signs of the company's overall financial health. Additionally, the company's commitment to paying out dividends to shareholders demonstrates its confidence in its future prospects.

In conclusion, the Dicker Data Ltd share price saw a decline following the release of its unaudited FY22 full-year results, but the company has a track record of resilience and adaptation. The upcoming release of the full audited figures, along with the investor conference, provide investors with an opportunity to gain a more comprehensive understanding of the company's financial performance and future prospects. Overall, the company's strong revenue growth, EBITDA increase, and commitment to paying dividends to shareholders are all positive indicators for the future.