TIL
03/08/2015 15:13
FORECAST
PRICE SENSITIVE
REL: 1513 HRS Trilogy International Limited
FORECAST: TIL: Trilogy International outlines guidance for the half year
Trilogy International outlines guidance for the half year to 30 September
2015
Trilogy International Limited (NZX:TIL) announced today that its half year
revenue to 30 September 2015 is forecast to exceed $23m, up from $15.2m for
the same half year prior (to 30 September 2014), a year-on-year increase of
more than 50%.
Net profit before tax for the six months is forecast to exceed $3.5m, versus
$1.1m for the same period last year.
Chief Executive Angela Buglass stated that the previously outlined business
strategy of investing for growth is already delivering results in Australia
and New Zealand with performance of the three brands Trilogy, Ecoya and
Goodness in these markets underpinning the strong forecast performance of the
group in this half year.
Internationally the group continues to invest in line with strategy. The
Trilogy Natural Products brand is seeing strong growth in the USA and Asian
markets. In Asia, Trilogy recently appointed a senior sales role based out of
Hong Kong.
ECOYA continues to deliver growth in both the New Zealand and Australian
markets across all retail channels, with improved product offering,
merchandising and service levels all contributing. ECOYA became profitable
for the first full-year in 2015 and performance of the brand continues to
build from this strong platform.
Within New Zealand and Australia, newly launched Goodness Natural Beauty Lab
met all distribution targets in its first four months and has just secured a
top-shelf 180 door listing with discount department store chain Big W.
"The current financial year has started really well, driven by strong
consumer demand and continued brand activation in key markets." commented Ms
Buglass.
Trilogy International will provide a further update on half year performance
at its Annual Meeting in September.
Ends
For more information please contact:
Angela Buglass
Chief Executive Officer
021 848 293
Geoff Ross
Chairman
021 424 219
End CA:00267856 For:TIL Type:FORECAST Time:2015-08-03 15:13:00
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