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G3 Group

Q4 key operating metrics (KOMs)

Update | Industrial Support Services | 07 May 2017

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the three months to 31 March 2017 was strong, with both gross and operating margins reported in line with recently increased targets. The company attributes its outperformance to strong revenues in the higher-margin document management and tourist collateral businesses versus the lower-margin business mail unit. Encouragingly, inventory days have continued to reduce as product is sold off after increasing with the buy-up of business mail products during Q1. Management stated that KOM results for FY17 were all close to the reset targets and within the allowable variation of 10%.

G3 Group

Profitability ahead

Update | Industrial Support Services | 01 Feb 2017

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the three months to 31 December 2016 was strong, with both gross and operating margins reported ahead of target. The company attributes its outperformance to strong revenues in the higher-margin document management business versus the less profitable business mail unit. As expected, inventory days showed an increase due to the previously announced one-off buy up of business mail products during Q1. These will continue to reduce as the product is sold off. Management expects to achieve all key operating metrics (KOMs) in FY17e.

G3 Group

Management says FY17 KOM targets to be met

Update | Industrial Support Services | 29 Jul 2016

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.04m from Formfile Records Management Group, acquired on 20 January 2016. It also included costs associated with IPO and the introduction of an employee share scheme, totalling NZ$0.227m and NZ$0.345m, respectively. The key operating milestones (KOMs) performance for Q117 is below expectations for FY17 due to the short-term impact of a postage price increase and seasonal softness in the UK market.

G3 Group

NPAT up 12.2% for FY16

Update | Industrial Support Services | 13 Jun 2016

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.040m from Formfile Records Management Group, acquired on 20 January 2016, as well as costs associated with IPO and introduction of an employee share scheme totalling NZ0.227m and NZ$0.345m respectively.

G3 Group

Margins ahead of expectations

Update | Industrial Support Services | 11 Feb 2016

G3 Group operates three businesses: a New Zealand-based business mail operation, a unique UK tourist mail business (Universal Mail UK) and document management in New Zealand and Australia. The performance for the third quarter that ended 31 December 2015 showed gross margin and inventory levels for the quarter and year to date above the key operating milestone (KOM) targets. The volume of items processed in the third quarter was below the KOM target, but is expected to increase in the fourth quarter with the resumption of services to a major bulk customer.

G3 Group

On the right track

Update | Industrial Support Services | 06 Aug 2015

G3 Group operates three businesses: a New Zealand-based business mailoperation, a unique UK tourist mail business (Universal Mail UK) anddocument management in New Zealand. Following its successful listing onthe NXT in June 2015, the company has provided the market with abusiness update for Q116 stating that all key operating milestones (KOMs)have been met. The outlook for the second quarter remains positive, withthe company on track to meet its second quarter targets and KOMs.

G3 Group

Mail and beyond

Initiation | Industrial Support Services | 18 Jun 2015

G3 Group operates three businesses: a New Zealand-based business mailoperation; a unique UK tourist mail business (Universal Mail UK); anddocument management in New Zealand. The compliance listing on the NewZealand NXT market does not include the raising of any capital and willprovide a platform for organic and acquisition-fuelled growth.