Kathmandu Holdings Limited (ASX: KMD) released its 2018 financial results to the market today revealing a 33% rise in profit.
Kathmandu is one of Australia and New Zealand’s largest outdoor and camping retail businesses.
Kathmandu results:
[emaillocker]
Here are some of the highlights from the report, all the numbers are in New Zealand dollars:
- Sales grew by 11.7% to $497.4 million
- EBIT increased by 30.9% to $74.6 million (click here to learn what EBIT is)
- Net profit increased by 32.9% to $50.5 million
- Full year dividend up 15.4% to 15 cents per share
One of the things to point out from the result is that Kathmandu is generously giving all of its permanent team members a one-off $1,000 bonus, acknowledging their contribution to the result.
The result was at the high end of the company’s own guidance a few months ago.
During the year Kathmandu acquired Oboz, a premium US outdoor footwear brand for an initial US$60 million. Management said they are excited by the potential for international growth.
“It is highly motivating for our team to have achieved three years of strong profit growth in our core Australasian business,” CEO Xavier Simonet said.
“Our customers have reacted positively to innovative products and engaging brand content.”
[/emaillocker]
The Best* Finance Podcast On Earth
The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes, Castbox, YouTube or wherever you choose to listen. Here’s a timeless interview with leading stockbroker, Charlie Aitken.
*As voted by us
