MBH 3.08% 6.3¢ maggie beer holdings ltd

Big move today, page-19

  1. 4,255 Posts.
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    Thanks Hopeful9.
    Really interesting as I missed this update by Pental.
    Yes, Hampers and Bite (HWB) is really comparable to Hampers and Gift (HGA).

    As you say, HWB seems a good indicator of short term performance for HGA.
    So, Pental just indicated that they expect + 65 % yoy for HWB H1 FY22 sales.
    So far, HGA has just communicated that HGA increased its Q1 sales by 63 %.
    Also interesting to note that HWB is probably getting high margin for that period, given that Pental is expecting a 53 % EBIT increase for H1 22, while their traditional business has been suffering during that period (both from lower sales and pressure on margins).

    Other interesting elements regarding HWB :
    - like HGA, they had a high margin in FY 21 : 21.2 % (vs 26.2 % for HGA),
    - HWB growth is driven both by their B2C business ("significant growth") and their B2B business (focused on client and employees gifts).
 
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