Full Year 2023 Michael Hill International Ltd Earnings Call Transcript

Aug 24, 2023 / 11:30PM GMT
Operator

Welcome to the Michael Hill International FY '23 Results Update. Following the formal presentation, there will be a Q&A session for investors and analysts. (Operator Instructions) And I'll now hand over to Daniel Bracken.

Daniel Bracken - Michael Hill International Limited - CEO, MD & Director

Good morning and thank you for joining Michael Hill International's FY '23 Full Year Results Update. I'm Daniel Bracken, CEO, and I'm here today with Andrew Lowe, our CFO. Today, we will be taking you through a review of our FY '23 results and FY '24 trading update and providing you with further insights on the group strategy before ending with a Q&A session.

Let me start by saying it's been a very busy year at Michael Hill. While we finished FY '23 with comparable EBIT slightly below prior year due to a more challenging second half, we still delivered the second highest profit in the company's history. These results were underpinned by our clearly articulated strategic initiatives driven by the ability to elevate average transaction value supported by

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