Metcash (ASX: MTS) focuses on cost savings, diversifying product lines in FY25

Mon 01 Jul 24, 10:43 AM | Team Kalkine

Image source: Leka Sergeeva

Highlights

Metcash is an ASX-listed wholesale marketing and distribution firm operating through liquor, grocery, hardware and food segments

In the first seven weeks of FY25, group sales of MTS surged 2.2% YoY amid challenging market conditions

Perpetual Investment Management Limited has the maximum stake in the firm with a shareholding of 7.78%

Metcash Limited (ASX: MTS) is an Australia based wholesale marketing and distribution firm which operates via four segments-- liquor, grocery, hardware and food. The company caters to a growing network of independent retailers in New Zealand and Australia.

In the financial year 2024 (FY24), the company recorded a 0.7% YoY increase in group revenue to AUD 15,912.4 million, including charge-through sales. During the reported period, EBITDA increased by 1.8% YoY to AUD 688.3 million and operating cashflows jumped 29.5% YoY to AUD 482.6 million.

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