very interesting announcements today.
https://www.nzx.com/announcements/376279
Mark Newman as an independent director, effective from today, 27 July 2021. Mark has extensive domestic and international transport and logistics industry expertise, having held senior leadership roles with Mainfreight for over 20 years, as CEO Mainfreight Europe and General Manager New Zealand Transport.
https://www.nzx.com/announcements/376280
• Confirmation that the company is on track to achieve FY21 guidance of EBITDA to be at least that of the FY20 post IFRS-16 result of $57.4m
• Progress is being made on improvement initiatives, particularly in Freight.
• FY21 reported profit will reflect increased property costs associated with the expanded warehousing footprint and the improvement programme, and costs associated with a discontinued IT project. Including these non-trading adjustments, the company is expecting a modest profit for FY21.