Trilogy International outlines guidance for the half year

Trilogy International outlines guidance for the half year

Trilogy International Limited (NZX:TIL) announced today that its half year revenue to 30 September 2015 is forecast to exceed $23m, up from $15.2m for the same half year prior (to 30 September 2014), a year-on-year increase of more than 50%.

Net profit before tax for the six months is forecast to exceed $3.5m, versus $1.1m for the same period last year.

Chief Executive Angela Buglass stated that the previously outlined business strategy of investing for growth is already delivering results in Australia and New Zealand with performance of the three brands Trilogy, Ecoya and Goodness in these markets underpinning the strong forecast performance of the group in this half year.

Internationally the group continues to invest in line with strategy. The Trilogy Natural Products brand is seeing strong growth in the USA and Asian markets. In Asia, Trilogy recently appointed a senior sales role based out of Hong Kong.

ECOYA continues to deliver growth in both the New Zealand and Australian markets across all retail channels, with improved product offering, merchandising and service levels all contributing. ECOYA became profitable for the first full-year in 2015 and performance of the brand continues to build from this strong platform.

Within New Zealand and Australia, newly launched Goodness Natural Beauty Lab met all distribution targets in its first four months and has just secured a top-shelf 180 door listing with discount department store chain Big W.

“The current financial year has started really well, driven by strong consumer demand and continued brand activation in key markets.” commented Ms Buglass.

Trilogy International will provide a further update on half year performance at its Annual Meeting in September.

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