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KMD BRANDS LIMITED — Earnings Release 2019
Aug 7, 2019
65190_rns_2019-08-07_c055abb6-94c6-4178-a8cf-2792db48bf30.pdf
Earnings Release
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KATHMANDU HOLDINGS LIMITED
ASX / NZX / MEDIA ANNOUNCEMENT
8 August 2019
KATHMANDU ON TRACK TO DELIVER RECORD PROFIT
Kathmandu Holdings Limited (ASX / NZX code KMD) is pleased to report an update on its sales and earnings for the year ended 31 July 2019 (FY2019).
Based on unaudited results for FY2019, the Company is expecting:
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Total sales of NZ$545 million, up 9.6% on FY2018
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Group same store sales (SSS) growth of +0.6% at constant exchange rates - Australia SSS up +2.7%
- New Zealand SSS down -3.9%
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Normalised[1] EBIT of between NZ$82.5 million and NZ$84.0 million (FY2018: NZ$74.6 million)
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Normalised[1] NPAT of between NZ$55.5 million and NZ$57.0 million (FY2018: NZ$50.5 million)
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Net debt NZ$19.2 million (FY2018: NZ$31.4 million)
Kathmandu’s Managing Director and CEO Xavier Simonet said: “We were particularly pleased with the second half performance in Australia given we were cycling strong growth in our key winter period last year. New Zealand conditions were challenging. Oboz, acquired in April 2018, continued to deliver strong sales and EBIT growth in 2H, with continued progress anticipated in FY2020 and beyond.”
Kathmandu plans to release its audited results for FY2019 in late September.
ENDS
For further information, please contact:
Chris Kinraid, CFO Eric Kuret, Investor Relations +64 21 390 669 +61 417 311 335 [email protected]
1 Normalised results exclude NZ$1.1 million abnormal income from a tax refund relating to the GST treatment of reward vouchers (NZ$0.8 million after tax). As such, reported EBIT is expected to be between NZ$83.5 million to NZ$85.0 million and NPAT NZ$56.5 million to NZ$58 million.
Kathmandu Holdings Ltd 223 Tuam Street, Christchurch 8011 PO Box 1234, Christchurch 8140, New Zealand Phone: +64 3 373 6110 Fax: +64 3 373 6116 kathmandu.co.nz
249 Park Street, South Melbourne, Victoria 3205 PO Box 984, South Melbourne, Victoria 3205, Australia Phone: +61 3 9267 9999 Fax: +61 3 9267 9933 kathmandu.com.au