In The Media: Meet the builder aiming for a 5pc profit margin

‘There are opportunities now that we’re being presented that weren’t available before’: Hickory boss Michael Argyrou says the ‘carnage’ that has cut capacity in construction is giving his company the change to bid for jobs worth up to $400 million, double the size of its traditional limit. But he wants to make earnings more sustainable, with a 5pc EBITDA margin and one way he’s doing that is to diversify – all in the name of supporting his building business. #construction #diversification #ausproperty

Hickory CEO, Michael Argyrou sat down to chat with AFR journalist, Michael Bleby to discuss Hickory’s vertical integration strategy, a 5pc EBITDA and the company’s plan to develop an affordable housing business.

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