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Last edited 2 years ago
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#AGM notes
stale
Added 2 years ago
  • Company had a bad time in 21-22, 3% sales growth, vs 75% the previous year.
  • Hardware divisions (skateboarding and rollerblades) took the biggest hit for demand 
  • They are getting squeezed by strong US dollar and it is hitting their profit margin.
  • FY22 - negative pressure on profit margins due to continued global logistic issues and rising interest rates and inflation.
  • They expect a further bad time over the next 8 months
  • Unplanned build of excess inventory
  • Australia most profitable, North America where most revenue growth is, European division struggled


It looks like they're going to have a pretty rubbish year.