KMD Brands Limited (KMD) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the KMD Brands Limited 2023 Full Year Results Conference Call. Today's conference is being recorded. Kindly 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. To ask a question, press star 1 on your telephone keypad. If you are using a speakerphone, please make sure your mute function is turned off to allow the signal to reach our equipment. Again, press star 1 to ask a question. At this time, I would like to hand the call over to Michael Daly, CEO and Managing Director of KMD Brands. Please go ahead, sir. Thank you. Good morning, everyone, and thank you for joining us for today's presentation of KMD Brands' financial results for the 2023 financial year. My name is Michael Daly, and I'm the CEO and Managing Director of the group. I'm joined on the call by Chris Kinray, our Group Chief Financial Officer. We will be talking through the presentation logs from the NZX and ASX this morning. Unless otherwise specified, all financial numbers are in New Zealand dollars. Today's presentation will begin with the full year highlights. We will then discuss the group's financials, brand results, and we'll conclude with the trading update and our gross outlook for FY24. I will begin with the 2023 financial highlights and achievements of the year, and mainly our biggest milestones. reaching over $1 billion in sales for the first time, a milestone that we're very pleased with in our first full year of uninterrupted trade post-pandemic. Drawing your attention to slide four now, all of our iconic brands grew sales, with the group Rip Curl and Oboz achieving record sales delivery, growth of 12.6% on the previous year. Gross margin r...