- Release Date: 23/09/15 10:04
- Summary: FORECAST: TIL: TIL 1H 2015 revenue and profit to beat August guidance
- Price Sensitive: No
- Download Document 4.39KB
TIL 23/09/2015 10:04 FORECAST PRICE SENSITIVE REL: 1004 HRS Trilogy International Limited FORECAST: TIL: TIL 1H 2015 revenue and profit to beat August guidance NZX and Media release 23 September 2015 Trilogy International 1H 2015 revenue and profit to beat August guidance CS Company acquisition to make a strong contribution to the full year result Trilogy International Limited (NZX:TIL) today announces that revenue and earnings for the six months to 30 September 2015 will exceed guidance given in August as the group benefits from strong demand for its products in domestic and offshore markets and a weakening kiwi dollar. Excluding the contribution from its recent acquisition of beauty and cosmetic distributor CS Company Limited, Trilogy expects revenue for the half year to rise 57% to $24 million from $15.3 million for the same period in the prior year. On the same basis, half-year net profit is expected to rise 336% to $4.8 million from $1.1 million in the prior year. On 3 August 2015, before announcing the CS Company acquisition, Trilogy said it expected half year revenue to reach $23 million and half year net profit to reach $3.5 million. For the year to 31 March 2016, including the impact of the CS Company acquisition, Trilogy expects revenue to rise 104% to $75 million from $36.6 million and earnings before interest and tax (EBIT) to range between $12 million to $14 million. The company expects net profit before tax to range between $10 million to $12 million up from $4.6 million in the prior year. Interest costs are expected to be approximately $2 million for the full year with around one quarter expensed in the first half of the year and the remainder expensed in the second half. . CS Company, acquired on 19 August 2015, is expected to contribute an additional $5m million to group revenue for the half year to 30 September 2015 and operating profit of $800,000. After financing and acquisition costs, its contribution to half year net profit is expected not to be material. For the second half, CS Company is expected to contribute approximately $22 million revenue to the group and $3.5 million to net profit. Speaking ahead of the Trilogy International Annual Meeting at the Sofitel Auckland at 12.30pm today, Chairman Geoff Ross said: "The Board continues to be very pleased with the performance of Trilogy's flagship brands. Meanwhile, our recent acquisition, CS Company, is making an important contribution to the group." Trilogy International Chief Executive Officer Angela Buglass said: "Trilogy's home markets of Australia and New Zealand are performing extremely well for each of the three brands. "The weakening New Zealand Dollar against the US and Australian currencies has had a positive impact on trading with realised and unrealised foreign exchange gains contributing around $700,000 in this half." Additionally, the group has benefited from a boost in sales following media reports that the Duchess of Cambridge is an avid user of Trilogy rosehip oil. The recently-launched Goodness skincare brand also made a contribution. "Goodness, which is aimed at a younger audience, is off to a great start in New Zealand and Australia and it has opened new channel opportunities," Ms Buglass said. "Revenue growth will likely exceed profit growth as the company continues to invest in export markets, brands and additional staff." Over the last half year Trilogy has made significant strides in Asia and the US, where it recently secured distribution through the Whole Foods Market chain of specialist supermarkets. Whole Foods operates 405 stores across the US and specialises in high quality natural and organic products. The full AGM presentation and speech notes will be posted on NZX during the AGM. For more information contact: Angela Buglass Geoff Ross Chief Executive Officer Chairman +64 21 848 293 +64 21 42 219 About Trilogy International Trilogy International (NZX:TIL) manufactures and distributes specialty natural skin care and home fragrance products through three brands: Trilogy, ECOYA and Goodness in New Zealand and around the world. Its recently acquired subsidiary CS Company distributes international brands in New Zealand including: Marc Jacobs; Calvin Klein; Dolce & Gabbana and Gucci fragrances and Max Factor, Natio and OPI cosmetics and beauty brands. For more information visit: http://trilogyproducts.com/investors/ End CA:00270582 For:TIL Type:FORECAST Time:2015-09-23 10:04:56
- Forums
- NZX - By Stock
- TIL
- Ann: FORECAST: TIL: TIL 1H 2015 revenue and profit to beat August guidance
Ann: FORECAST: TIL: TIL 1H 2015 revenue and profit to beat August guidance
-
- There are more pages in this discussion • 3 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 TIL (NZSX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online