Kathmandu shows sales growth for FY2019

Company News

by Rachael Jones

Kathmandu Holdings (ASX:KMD) have released a trading update showing sales for the 11 full weeks to 11th November 2018 grew 8.4 per cent.

Hiking boots company Oboz, Kathmandu bought earlier this year – they remain on track to achieve US$7.1 million EBITDA earn-out target for the 2018 calender year.

Their CEO says they have seen continuing demand for core Kathmandu products, following on from a successful winter last year.

He admitted their first half year result is higher dependent on the success of their Summer sale.

Shares in Kathmandu Holdings (ASX:KMD) closed 1.3 per cent lower at $2.32 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.