Wednesday 23rd September 2020 |
Text too small? |
Kathmandu Holdings Limited (ASX/NZX: KMD ) announced its results for the twelve months ended 31 July 2020 (FY20).
FY20 key highlights (vs FY19):
• Acceleration in online sales, with group online sales up 63% to $106.4 million, now comprising 15.7% of direct to consumer (“DTC”) sales1 - Rip Curl online sales up 52% to $25.5 million; 10.6% of DTC sales - Kathmandu online sales up 67% to $80.9 million; 18.5% of DTC sales
• Group sales up 48.7% to $801.5 million, including 9 months of Rip Curl - COVID-19 impact estimated at c. $135 million of sales ($80 million retail and $55 million wholesale)
• Statutory NPAT of $8.9 million includes $18.0 million of one-off transaction costs, $4.6 million of restructuring costs and a $2.6 million impact from the implementation of the IFRS 16 leasing standard (in total $22.6 million impact net of tax)
• Group Underlying EBITDA down 15.3% to $83.4 million (excluding the impact of IFRS 16 and one-off transaction and abnormal costs)
• Group Underlying NPAT down 44.5% to $31.5 million (excluding the impact of IFRS 16 and one-off transaction and abnormal costs)
• Operating cash flow up 50.9% to $93.1 million (adjusted for impacts of adopting IFRS 16)
• $207 million capital raise provided balance sheet strength and optionality for future growth, with closing net debt of $9.4 million
See links below for more details:
• Financial Statements and Independent Auditor's Report
Source: Kathmandu Holdings Limited
No comments yet
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director
CHI - New customer contract to upgrade Marsden Point
Synlait announces changes to Board of Directors
May 1st Morning Report
Devon Funds Morning Note - 30 April 2024
New Rural Advocacy Hub to be launched at Fieldays 2024
Serko signs five-year partnership renewal with Booking.com
NPH - 2024 Half Year Results Announcement Date