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.
Further, the period saw the conclusion of significant acquisitions in the hardware and food segments.
In the first seven weeks of FY25, group sales of MTS surged 2.2% YoY despite challenging market conditions, including 3.6% YoY increase in food sales, 3.1% YoYgrowth in liquor sales and 0.6% increase in hardware sales.
Top 10 shareholders of MTS
The top 10 shareholders of MTS have around 43.38% shareholding in the company. Perpetual Investment Management Limited has the maximum stake in the firm with a shareholding of 7.78%, followed by Colonial First State Investments Limited with a shareholding of 5.77%.
Recent business update
Through an ASX filing dated 17 June 2024, MTS notified that Mitsubishi UFJ Financial Group, Inc. became a substantial shareholder in the firm with a voting power of 5.03%, as on 12 June 2024.
Outlook
In FY25, the company looks forward to reporting around AUD 15 million in additional annualised cost savings. The focus is on extracting value from recent acquisitions, advancing core technology initiatives and executing cost and cash initiatives.
The company is committed towards encouraging innovation in product development, exploring new markets, diversifying product lines and strengthening relationships with independent customers and retailers.
Share performance of MTS
MTS shares closed 0.56% higher at AUD 3.56 apiece on 1 July 2024. In the last one year, the share price of MTS has declined by almost 5.32%, while in the past six months, it has jumped around 2.01%.
The 52-week high of MTS is AUD 4.06, recorded on 13 March 2024, and the 52-week low is AUD 3.410, recorded on 5 December 2023.

MTS Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 01 July 2024. The reference data in this report has been partly sourced from EODHD/Others.






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