DKSH Posts Record 2017 Sales, Revenue Up 4.8%
Listed to the Swiss Stock Exchange, global consumer goods distributor DKSH has posted a 4.8% jump in yearly net sales – notching CHF 11 billion for the first time.Operating profit [EBIT] for 2017 climbed 1.4% to CHF 297 million. Yearly profit after tax remained somewhat flat at CHF 213.3 million.
Alongside its strong presence in Asia, DKSH Australia also distributes a range of consumers durable branded products – notably kitchenware, knives, cooking gadgets/accessories, bakeware and cookware.
In Australia, DKSH distributes brands such as zyliss, Ballarini, chef’n, Cole & Mason England, Jamie Oliver and rabbit.
DKSH’s Consumer Goods Business Unit posted a net sales decrease of 3.3%, falling from a 3.7% decrease in 2016.
EBIT margin for the Consumer Goods unit increased 2.9%, improving from a 2.8% lift in 2016.
By the end of 2017, company revenue from “the rest of the Asia Pacific” represented 16.4%. Greater China consisted of the largest portion (32.7%), followed by Thailand (30.7%) and Malaysia/Singapore (16.4%).
The company attributes last year’s slightly lower consumer demand to “political developments” in Thailand.
DKSH does, however, affirm the unit is showing “signs of improvement”.
Concerning its future outlook, the conglomerate expects further increases in net sales and profit into 2018.