Brief: KMD Brands Says Continuing To Benefit From Return To Travel & International Tourism Through Jan

KMD Brands

13/02/2023 20:47

Feb 14 (Reuters) - KMD Brands Ltd  KMD.NZ :
    * CONTINUES TO BENEFIT FROM A RETURN TO TRAVEL AND
INTERNATIONAL
TOURISM THROUGH JANUARY
    * GROUP TOTAL SALES FOR 1H FY23 (UNAUDITED) ARE EXPECTED TO
BE
APPROXIMATELY NZ$546 MILLION, AN INCREASE OF 34% ABOVE 1H FY22
    * GROUP'S INVENTORY BALANCE IS EXPECTED TO NORMALISE DURING
SECOND
HALF
    * KATHMANDU SALES STRENGTHENING +52% AND RIP CURL CONTINUING
ITS
GROWTH TRAJECTORY AT +19% FOR JAN
    * UNDERLYING 1H FY23 EBITDA IS EXPECTED TO BE APPROXIMATELY
NZ$45
MILLION
    * GROSS MARGIN REMAINS RESILIENT OVERALL, WITH IMPROVED
GROSS
MARGIN FOR KATHMANDU BRAND

Further company coverage:  KMD.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))