KMD Brands Limited (KMD) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to the KMD Brands Limited 2023 Half-Year Results Release Conference Call. Today's conference is being recorded. Finally, note that there will be no online submitted questions taken. Only audio questions shall be taken for today. For those who have questions, please dial into the audio line at Q&A time. At this time, I'd like to hand over the call to Michael Daly. Please go ahead, sir. Thank you. Good morning, everyone, and thank you for joining us for today's presentation of Carnegie Brand's financial results for the first half of 2023 financial year. My name is Michael Daly. I'm the CEO of the group. I'm joined on the call by Chris Kinray, our Chief Financial Officer. We will be talking through the presentation advice on the NZX and ASX this morning, and those otherwise specified or financial numbers are in New Zealand dollars. Today's presentation will begin with the half-year highlights. and we will then discuss the group's financials and grant results before concluding with the trading update and outlook for the second half of FY203. I will begin with the financial highlights and achievements of the first half of FY203. On slide four, we have the lightest of results Canada's grant has achieved in the first half of FY203, with record first-half sales increasing 34.5% to $547.9 million. continued growth in Ripple sales, a strong recovery for Kathmandu, and record first-half sales for Ozo. A four-year growth margin increased by 100 basis points to 58.7%, reflecting improved Kathmandu performance, assisted by total currency, more than offsetting continued elevated international freight costs and raw material cost pressures. Q1 sales recovered strongly, cycling Australasian COVID lockdowns last year, in which more than 11,000 retail trading days were lost....