Trading Update

Kathmandu Holdings Ltd
223 Tuam Street, Christchurch 8011 249 Park Street, South Melbourne, Victoria 3205
PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fax: +61 3 9267 9933
kathmandu.co.nz kathmandu.com.au


KATHMANDU HOLDINGS LIMITED
ASX / NZX / MEDIA ANNOUNCEMENT
8 August 2019
KATHMANDU ON TRACK TO DELIVER RECORD PROFIT
Kathmandu Holdings Limited (ASX / NZX code KMD) is pleased to report an update on its sales and earnings
for the year ended 31 July 2019 (FY2019).
Based on unaudited results for FY2019, the Company is expecting:
 Total sales of NZ$545 million, up 9.6% on FY2018
 Group same store sales (SSS) growth of +0.6% at constant exchange rates
- Australia SSS up +2.7%
- New Zealand SSS down -3.9%
 Normalised
1
EBIT of between NZ$82.5 million and NZ$84.0 million (FY2018: NZ$74.6 million)
 Normalised
1
NPAT of between NZ$55.5 million and NZ$57.0 million (FY2018: NZ$50.5 million)
 Net debt NZ$19.2 million (FY2018: NZ$31.4 million)

Kathmandu’s Managing Director and CEO Xavier Simonet said: “We were particularly pleased with the
second half performance in Australia given we were cycling strong growth in our key winter period last
year. New Zealand conditions were challenging. Oboz, acquired in April 2018, continued to deliver strong
sales and EBIT growth in 2H, with continued progress anticipated in FY2020 and beyond.”
Kathmandu plans to release its audited results for FY2019 in late September.
ENDS

For further information, please contact:
Chris Kinraid, CFO Eric Kuret, Investor Relations
+64 21 390 669 +61 417 311 335
eric.kuret@marketeye.com.au

1
Normalised results exclude NZ$1.1 million abnormal income from a tax refund relating to the GST treatment of
reward vouchers (NZ$0.8 million after tax). As such, reported EBIT is expected to be between NZ$83.5 million to
NZ$85.0 million and NPAT NZ$56.5 million to NZ$58 million.