Mainfreight’s combined total sales globally were more than $2 billion for the year to March 31, according to the just released 2015 annual report for the listed company.
The exact figure was $2,054,339,000. That says chairman Bruce Plested in his chairmans report, was nearly $40 million per week.
Pre-tax global profits are at a record level of $121 million, an increase of $11 million, or 10.2% on the previous year.
Global sales increased by $130 million or 6.8%. EBITDA is again at a record level of $162.19 million, up 8.7% from the previous year.
The groups net profit before abnormal items was up 7.7%, to $83.5 million.
Total assets currently account for $1.124 billion, a total dividend will be paid at 34 cents per share, and adjusted earnings are 83.95 cents per share.
New Zealand revenue was up 7.4%, and Mainfreight signed up 500 new customers during the financial year to March 31, which accounted for an extra 150,000 consignments.
Plested says New Zealand still accounts for just over half the company’s net profit despite Mainfreight being established in some of the largest economies in the world.
“We are disappointed that we have briefly stumbled in our growth in Australia,” says Plested in the annual report. “With focus on building momentum in sales, we will return quickly to growth levels of recent years.”
The company says it has 73 branches in New Zealand, 48 in Australia, 24 in Asia, 69 in the Americas and 28 in Europe.
“As we look for growth in the years ahead, we have our sights set on more strategic locations such as South America, Asia, and India to feed this exponential growth,” says the company in the annual report.
