Great result from a rock solid business in a very challenging year, highlight for me is the medium term target of $100million in online sales. Great discipline around the STI, as I always say it’s a bonus after all, don’t always plan for it. I love that NZ is now profitable and growing and it’s getting no air time. They have proven the adiars concept works outside of au, with what’s seems like relative ease, please keep in mind how many businesses fail to do this type of thing. When/if the au dollar swings back in favor of imports the EBIT number will be huge for Adair’s coupled with scale on the warehouse and distribution.
Great work to all involved at Adair’s great year to return a solid result.
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