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Movado Group(MOV) - 2025 H2 - Earnings Call Presentation
2025-08-28 23:00
Financial Performance - MOVE Logistics Group's FY25 revenue was NZD 286.3 million [58] - Normalised Earnings Before Tax (NEBT) improved by 61.1% year-over-year [17, 28], representing a NZD 15.7 million increase [59] - Gross Margin increased by 13.4% to NZD 83.5 million [18, 25], with Gross Margin percentage up by 4.1 percentage points to 29.2% [18, 26] - Net Loss After Tax (NLAT) improved by NZD 32.5 million [59] to NZD -15.6 million [58] Transformation Programme & Cost Reduction - The "Accelerate Transformation Programme" delivered approximately NZD 27 million in cost reductions in FY25 [22, 60] - People costs decreased by approximately NZD 15 million [62] - Transport costs, as a percentage of Freight revenue, decreased by 5.1 percentage points [62] Business Segment Performance - Freight and Fuel segment revenue was NZD 188.8 million [35, 36], with a 90% improvement in NEBT loss [21, 39] - Specialist segment revenue increased to NZD 18.2 million [47, 48], with Normalised EBT at NZD 2.3 million [47, 49] - International segment revenue increased to NZD 25.7 million [53, 54], with Normalised EBT at NZD 0.3 million [53, 55] Future Outlook - The company is targeting a return to positive normalised EBT in FY26 [80]