Thanks to @justinp.
More details about this acquisition from Roger Montgomery :The final piece of news was the announced acquisition of E&S Trading for $47.8 million for 75 per cent of the business with an option to take out the remainder in 2029. With access to high end U.S. brands like SubZero, Wolf and Liebherr, the company will begin by replicating in Victoria the success of winnings appliances in Sydney (unless it buys winnings next). The business will also bring into the JB Hi-Fi fold a premium customer willing to pay up to $50,000 for a stove and $60,000 for a fridge.
E&S Trading has ten showrooms in Victoria and one in Canberra, generating annual revenues of $230 million and earnings of $7 million, the latter meaning JB Hi-Fi is paying less than ten times current earnings.
JB Hi-Fi’s CEO, Terry Smart, confirmed the acquisition gives JB Hi-Fi exposure to the premium home appliance customers, as well as the bathroom category and large commercial construction customers – those who buy 250 stoves at a time for an apartment development – as well as to higher end builders and architects.
“The E&S business has a highly complementary premium product offering, which will appeal to a new customer base, and a commercial construction market focus, making it a strategically compelling addition to JB Hi-Fi,” Smart noted.
- Forums
- ASX - By Stock
- Ann: Acquisition of e&s
Thanks to @justinp.More details about this acquisition from...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JBH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$81.00 |
Change
0.100(0.12%) |
Mkt cap ! $8.856B |
Open | High | Low | Value | Volume |
$80.98 | $81.27 | $79.72 | $34.00M | 420.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1152 | $80.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$81.00 | 12593 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1152 | 80.770 |
2 | 275 | 80.740 |
1 | 1152 | 80.700 |
1 | 941 | 80.690 |
1 | 1152 | 80.630 |
Price($) | Vol. | No. |
---|---|---|
81.000 | 12593 | 1 |
81.100 | 30 | 1 |
81.250 | 275 | 2 |
81.290 | 300 | 1 |
81.500 | 63 | 1 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
JBH (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online