Sharechat Logo

Comvita transformation driving earnings improvements

Monday 24th August 2020

Text too small?

Transformation of organisation structure complete with costs accounted for in FY20 $15M transformation programme on track 

• Reported EBITDA $4.2M turnaround of the first half loss of ($8.8M) 

• Second half EBITDA of $13M 

• Underlying full year EBITDA* of $19.1M 

• Reported NPAT ($9.7M) with ($9.3M) impact of one off non-operating items 

• Record revenue of $196M +14.5% versus FY19 

• Net debt reduced to $15.5M versus $89M FY19 

• China and North America (focus growth markets) deliver very strong double-digit top and bottom line performance 

See link for full announcement.

Comvita transformation driving earnings improvements 

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
IPO Offer: New Zealand Rural Land Co
Infratil Limited 6-year Infrastructure Bonds
Allied Farmers Limited (NZX: ALF) Launch of Renounceable Rights Issue
NZ Windfarms Limited (NZX: NWF) VVFPA Document Completion and FY2021 EBITDAF Guidance Range
Property for Industry Limited (NZX: PFI) Signals Positive Valuation Outcome
SkyCity Entertainment Group Limited (NZX: SKC) Update on SkyCity Adelaide, Including Opening of Expansion
Sky Network Television Limited (NZX: SKT) Announces Chief Executive Change
Evolve Education Group Limited (NZX: EVO) Share Consolidation
IPO Offer: New Zealand Rural Land Co

IRG See IRG research reports