Metcash, a leading wholesale distribution and marketing company, has recently announced a robust financial performance for the current fiscal year. The company’s group sales revenue reached $17.3 billion, marking a 7.2 per cent growth compared to last year’s figure of $15.9 billion.
The company’s underlying group EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) witnessed a considerable rise, going from $688 million to $737.8 million. Further, there was also a 10.1 per cent increase in its reported profit after tax as the figures moved from $257.2 million to $283.3 million.
In terms of sector-wise performance, Metcash’s food division reported sales revenue of $8.8 billion, excluding tobacco sales. This substantial figure, which is a 20.8 per cent increase year-on-year, has been largely attributed to the growth of supermarkets and convenience stores, along with Metcash’s partnership with Superior Foods beginning this June.
Metcash’s liquor division also exhibited growth, with the revenue rising by 3.3 per cent, moving from $5.1 billion to $5.3 billion. This growth has been fuelled by the successful performance of all IBA brands under Metcash, including Cellarbrations, The Bottle-O, IGA Liquor, and Porters. However, this sector did see a minor setback as its liquor EBITDA decreased from $125.7 million to $123.5 million, marking a 1.8 per cent drop.
Lastly, Metcash’s hardware division reported a revenue of $3.6 billion, indicating a 2.4 per cent increase. This growth can be attributed to Metcash’s acquisition of Total Tools.
What was the total group sales revenue reported by Metcash for the current fiscal year?
The company reported a total group sales revenue of $17.3 billion.
Which division of Metcash recorded the highest increase in sales revenue?
Metcash’s food division recorded the highest increase in sales revenue, marking a 20.8 per cent growth year-on-year.
What factors contributed to the growth of Metcash’s hardware division?
The growth in the hardware division is largely due to the company’s acquisition of Total Tools.
