Kathmandu Holdings Limited announces Annual Report 2020

Thursday 22nd October 2020

Chairman and CEO’s letter

This was a transformational year for the business and our team, with the successful acquisition and integration of Rip Curl, the Group’s swift and strong response to COVID-19, and the strength of our three brands clearly evident. Sales and profit results for Rip Curl, Kathmandu, and Oboz in FY20 reflect the global impact of the COVID-19 pandemic. The Group responded quickly by raising capital to strengthen its balance sheet, reduced costs and adjusted its operating structure. As initial lockdowns and social distancing measures eased, strong sales recovery and cash generation allowed the Group to end the financial year well placed both financially and operationally.

See the link below for more details:

Annual Report 2020

Source: Kathmandu Holdings Limited

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