ARE THE BIG HARDWARE PLAYERS CLOSER THAN EVER?

By NZHJ November 30, 2016 Industry news

Is the gap closing between the top players in New Zealand hardware and building supplies?

Since the last issue, when we reported on Bunnings’ latest ANZ result, Bunnings Limited, the NZ arm, has released its full year result ending 30 June 2016.

Perhaps the key characteristic beyond its continued double digit top line growth is a bottom line that, although still slim on paper, has also more than doubled.

Bunnings Limited

FY2015

FY2016

 

NZ annual revenue

$898.7m

$1.01b

 

% change

+10.5%

+12.2%

 

Net Profit After Tax

$12m

$27.2m

 (+126.4%)

 You can read more about the immediate outlook for Bunnings in NZ and indeed the other key players in our State of the Nation article in our December issue (out soon!).

For now though it’s interesting to gauge the relative movement between the top players (with the proviso we don’t have access to Carters’ latest figures).

The most obvious conclusion to be drawn from the top lines below is that there is less difference between the top players this year than last, something we also noted last year.

The following is the latest financial year top line information we have for the other players:

 

FY2016

FY2015

Mitre 10 NZ

$1.24b

$1.14b

PlaceMakers

$1.17b

$1.04b

Bunnings Ltd

$1.01b

$886.78m

ITM (guestimates)

$800m

$720m

 

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