Davey Lifted Profitability


According to the Full Year Results Announcement of GUD Holdings Limited for year ended 30 June 2004, Davey lifted profitability despite a combination of lower returns from export markets and a more subdued market for Firefighter® pumps in Australia.

The improvement came from new product growth and tight cost controls.

At the end of April 2004 Davey completed the acquisition of Spa-Quip, a business dedicated to serving the needs of manufacturers in the spa pool industry. This acquisition is a complementary bolt-on to Davey's current activities in the spa bath market. Davey brings access to international markets to Spa-Quip, while Spa-Quip provides Davey with a broader product range it can offer to its established customer base. There are operational efficiencies to be achieved between the two businesses and these are being implemented.

Davay is company of the GUD Holdings Limited. The holding announced a 63 percent increase in reported net profit in the year ending 30 June 2004 to $35.5 million from $21.8 million in the previous year and a substantial lift in dividend payments.

Earnings before interest and tax excluding individually significant items rose 41 percent to $62.6 million from $44.3 million previously. The uplift in operating earnings was reflected in GUD’s EBIT to sales margin, which increased to 15.9 percent from 11.9 percent.

Directors announced a 53 percent increase in the final dividend to 23 cents per share, fully franked, from 15 cents. The annual payout to shareholders has increased 54 percent to 40 cents per share, fully franked, from 26 cents previously. The dividend is well covered by earnings per share before significant items, which increased 51 per cent to 68.6 cents from 45.3 cents. The dividend payout on earnings before significant items remains relatively conservative at 58 percent.

More articles on this topic

Half-Year Financial Report 2021: KSB Increases Order Intake, Sales Revenue and EBIT

17.08.2021 -

The Frankenthal-based pump and valve manufacturer KSB had a very good start to the first half of the year. Supported by a significant recovery of the global economy, catch-up investments by customers and the successes derived from the realignment to markets, order intake and sales revenue rose significantly and are almost at the level of the very good year 2019.

Read more

GEA Gains Further Momentum in Second Quarter

16.08.2021 -

Thanks to continued gains from the efficiency program and the general economic recovery, GEA performed excellently in the second quarter. The company once again significantly improved across relevant key performance indicators: order intake, organic revenue development, earnings margin, net liquidity and return on capital employed (ROCE).

Read more

Pfeiffer Vacuum Reports H1 2021 Results

04.08.2021 -

Pfeiffer Vacuum Technology AG reported a record sales level of EUR 391.2 million, an increase of 29.6% compared to the previous year (H1 2020: EUR 301.9 million). The operating results (EBIT) reached EUR 48.1 million, an increase of 146.1% (H1 2020: EUR 19.5 million) representing a significantly improved EBIT margin of 12.3% (H1 2020: 6.5%).

Read more
Directly to the product selection in