It had been promising, and even up to November the total industry volume TIV for remained on course to best that achieved ineven if just by a shade.
Shortly I will invite Jonathan to provide you with a perspective on his initial impressions of GUD, along with details of actions he is in the process of implementing to address the primary issues causing a drag on financial performance at this time. My address will cover the customary strategic and historic financial overview along with an abbreviated summary of operations and I will conclude by providing commentary on current trading and the outlook for the balance of the financial year.
Both Jonathan and I will outline the strategies and actions we believe will, over time, work to improve returns to shareholders.
|About GUD Holdings Limited||Magyars raided Byzantian territories again.|
It is also important to note that represented the first year in the last three that results were not affected by significant events - two years ago Gud holdings annual report acquired Dexion during the year and the following year we sold the Breville Group shareholding.
The diverse nature of our operations would generally translate into some businesses doing relatively well while others are experiencing cyclical reductions in activity. This was not the case in where collectively GUD was exposed to a combination of increasing competition in all markets, increased pressure from retail customers for improved trading terms and higher promotional spends and lower demand in the major projects markets supplied by Dexion.
Despite these pressures we only reported a small decline in sales compared to the prior year, and that decline came solely from the Consumer Products business, comprising Sunbeam and Oates.
All other business segments reported modest sales increases on the previous year. Sunbeam and Oates both contributed to the decline in sales revenue. Oates was affected by lower demand in the industrial distribution sector and in mass merchant retailers. All indicators point to this being an overall market demand factor rather than a loss of competitive position for Oates.
But it was not only Australia that showed stronger sales in the year as New Zealand and the other international markets serviced by Davey reported higher sales.
This is testament to the well-structured and executed sales and marketing programs implemented in the various aftermarket channels served by the two brands.
Longstanding shareholders will understand the value of this business - the original business in the GUD stable.
The Ryco brand has been the market leader in aftermarket filtration for many years and the characteristics that are inherent in the brand continue to be well recognised and valued by professional automotive mechanics in both Australia and New Zealand. This uplift in demand was experienced principally in the Asian markets for warehouse racking products.
There were a number of factors influencing this, including the reduction in sales but also a contraction in gross profit margin and the absence of the Breville dividend.
Dividends for the year totalled 72 cents per share fully franked, consisting of 52 cents in ordinary dividends and 20 cents in special dividend, the latter being a return to shareholders from the successful and profitable sale of the Breville stake.
From a balance sheet perspective GUD remains in a solid position. Due to our strong financial position we have suspended the dividend reinvestment plan as the company has no requirement for additional capital at this time. To summarise the year, we reported a disappointing profit performance mainly due to the downturn in the consumer business, our financial position remains strong and during this period we have provided shareholders with relatively high dividends due partially to our ability to pay special dividends flowing from the Breville shareholding sale.
The Board and senior management acknowledge that we need to address the primary factors affecting this performance and Jonathan Ling will shortly be outlining details of actions being undertaken now or being planned for the balance of the current financial year in relation to this.
Prior to inviting Jonathan to speak I would like to address to subject of strategy and describe the initiatives we took in relation to this in the year. The first of these revolves around operational improvements translating to lower unit costs in our remaining manufacturing businesses.GUD Holdings pays its employees an average of $65, a year.
GUD Holdings employees with the job title Operations Director make the most with an average annual salary of $,, while employees. GUD Holdings Limited comprises a number of dynamic product companies based in Australia and New Zealand.
Through these businesses, GUD is the owner of one of the Asia-Pacific region's premier brand portfolios. Most of GUD's brands are market leaders in their individual product categories and industries.
Stock quote for GUD Holdings Ltd. ADR Common Stock (GUDDY) with real-time last sale and extended hours stock prices, company news, charts, and research at Nasdaq. Annual Report / Contact. Oct 24, · Rick Astley - Never Gonna Give You Up (Official Music Video) - Listen On Spotify: monstermanfilm.com Learn more about the brand new album ‘Beau. The professionals choice. Delivering genuine performance and superior engine protection.
GUD Holdings (Pty) Ltd December – Present (3 years 10 months) Durban Area, South Africa • Preparing or updating employment records related to hiring, transferring, promoting, and terminatingTitle: Human Resources at GUD .
GUD Holdings Ltd. manufactures, distributes and sells consumer and industrial products. It operates through the following segments: Oates, Automotive, and Davey. Annual Report for GUD /news.
GUD Holdings Limited, through its subsidiaries, engages in the manufacture and importation, distribution, and sale of consumer and industrial products in Australia, New . GUD Holdings Limited (GUD) Company Financials. Read detailed company information including earnings, capital structure, cashflow & historical financials.