The Share Price Of KMD Hiked After The Announcement Of The Trading Update

  • Nov 23, 2018 AEDT
  • Team Kalkine
The Share Price Of KMD Hiked After The Announcement Of The Trading Update

Kathmandu Holdings Limited (ASX and NZX Code: KMD) announces its trading update on 23 November 2018. The highlights regarding the sales performance of the company were out for FY2019.

The 15 weeks sales of the company have grown by 8.4% based on the constant exchange rates. The total store sales of the company have grown by 6.3% following a constant exchange rate. The same-store sales in growth Australia was 7.1% and 5.2% in New Zealand.

In the Q1 of FY2019, the sales at Oboz was NZD$15.7 million. The gross profit margin of the company was 39.8%. It is working continuously to maintain on track so that they could achieve the EBITDA earn-out target of US$7.1 million for the calendar year 2018.

Xavier Simonet who is the chief executive officer of Kathmandu stated that the company is continuously receiving the demand for its product since the last winter season. He also states that an equal effort is there for the strong performance of Oboz. Also, this group has entered into the Kathmandu group. He also advises the investors that as the Christmas is approaching, the company can achieve a good sales growth. He also confirms that the upcoming sales result of the company will majorly depend on how the summer sale performs.

Since inception, the performance of the company is 34.52%. The one year and five years performance of the company is 3.11% and -30.54% respectively.

For the year ended 31 July 2018, the net profit after tax of the company was NZ$50.532 million. The total asset of the company is NZ$ 614.617 million and the total liabilities is NZ$194.235 million which indicates that the company’s financial health is strong.  Also, the total current asset of the company is NZ$160.784 million and total current liabilities of the company is NZ$104.888 million which indicates that the company can manage its short-term obligations as well as the working capital. The total shareholder’s equity is NZ$420.382 million.

The net cash inflow from operating activities was NZ$75.601 million. The major cash outflow under this category was due to payments made to suppliers and employees, the company paid income tax and also paid the interest. The net cash outflow from investing activities was $121.620 million were the main source of cash outflow under this category was due to purchasing of property, plant, and equipment, the company made a purchase of intangibles, acquired subsidiaries and also invested in other financial assets. The net cash inflow from financing activities was NZ$50.402 million. Under this category, the major source of the cash outflow was due to the payment of dividend as well as repayment of loan advances. By the end of the year, the net cash and cash equivalent of the company was NZ$8.146 million.

Today by the end of the day, after the announcement of the trading update, the market price of the share climbed by 12.931% which is equivalent to 0.300 points. By the end of the day, the market price of the share was A$2.620 (AEST: 4 pm, 23 November 2018) with the market capitalization of A$523.81 million and PE ratio 10.56x.


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