AUS
USA
UK
NZ
CA
FRA
GER
ESP
ITA
NLD
PRT
POL
SWE
GRC
IND
CHN
ZAF
RUS
BRA
UAE
Highlights:
- KMD Brands released its FY22 results today (20 September).
- The company has witnessed growth in its Group sales.
- It will pay a final dividend in November.
KMD Brands Limited (NZX:KMD), which specialises in quality apparel, and travel and adventure equipment, today (20 September) published its FY22 results.
Source: © Kbuntu | Megapixl.com
Group sales
For the year ended 31 July 2022, the Group sales grew to 6.2% to NZ$979.8 million, driven by continued growth in Rip Curl sales and strong demand for Oboz products, among others. Its statutory NPAT clocked NZ$36.8 million.
The company's Group CEO and Managing Director, Michael Daly, said that despite COVID-19-related challenges, KMD delivered a strong performance, making significant progress in building a global brand, elevating its digital presence as well as leveraging its operational excellence.
Navigated through supply constraints
The results revealed that like most other global brands, KMD too experienced high international freight costs as well as raw material cost pressures. However, owing to sales growth in the Kathmandu and Rip Curl brands, the Company was able to maintain a gross margin of 58.9%.
Winter season
As per the results, winter season was another driver for Kathmandu’s latest performance, with Q4 sales being above the FY19 level.
Dividend declaration
The company said that it had declared 3.0 cps as a final dividend to its shareholders, payable on 25 November, with 10 November being the record date. It will take the total FY22 dividend to 6.0 cps.
Focus on ESG
KMD continues to focus on sustainability initiatives and is committed to delivering positive growth for both its people as well as the community, claims its Group CEO and Managing Director.
The Company has bagged several awards for environmental and product innovation, such as the Deloitte New Zealand Top 200 Sustainable Business Leadership award, among others.
Bottom Line
With the reopening of the country's borders and resumption of international travel, KMD expects to improve on results in the future.
On 20 September, at the time of writing, KMD Brands was up 2.00% to NZ$1.020.
-
Jasmine Anand - Financial Journalist221 PostsJasmine Anand is a Financial Journalist at Kalkine. She has an extensive experience of 11 years in varied domains like finance, E-commerce, content curation, product research, education and telecom. She has earned a Master in Business Administr...
Follow -
Shaghil Bilali - Research Editor0 PostsShaghil Bilali is a research editor with 15 years of experience in different verticals across media. He has worked with some of the leading media organisations in India. Before joining Kalkine Media, he was with Microsoft News' Canada overnight opera...
Follow Shaghil Bilali Follow -
Tanweer Azam - Senior Manager – Media0 PostsTanweer has over 15 years of experience across leading media organisations, including Zee Group, MSN and KVH Media. His key interests include politics and business. A sports addict, Tanweer loves to play and watch cricket in his free time. At Kalkine...
Follow Tanweer Azam