Building services provider Johns Lyng Group today affirmed its earnings forecasts, including the goal to achieve at least $1 billion in revenue for the current financial year.

The business says in an investor update its financial guidance, made in August when its 2021/22 results were released, remains unchanged.

It is still working towards group sales revenue of $1.03 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) of $105.3 million for the year to June 30 2023.

In the previous 2021/22 year, group revenue rose 57.5% to $895 million and EBITDA gained 58.9% to $83.6 million.

Johns Lyng also says in the investor update that Group CEO and MD Scott Didier has sold four million of the shares he owns in the business, representing about 7.5% of his stock holdings.

After the sale, he now holds a 19% stake in the company and remains a “committed and supportive” shareholder, the update says.

The update says the share sale has been undertaken to fund Mr Didier’s relocation and living expenses, including the acquisition of a family home in Denver, Colorado, along with certain tax liabilities.

Mr Didier has been co-residing between Melbourne and Denver since his appointment as Group CEO in January to oversee and manage the growth of the business in the US.