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Comvita transformation driving earnings improvements

Monday 24th August 2020

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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 

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