Posts Tagged ‘Wellcom’

  • Demand for quality and speed driving Wellcom growth

    The board of Wellcom: (L-R) Kerry Smith, Charles Anzarut, Wayne Sidwell, and Janette Kendall.

    Wellcom is releasing a strong set of results for the 2017/18 financial year, with positive gains in all areas for the Melbourne-based trans-national creative production and marketing services group.

    The company grew its sales by around ten per cent, and maintained or slightly increased its margins on the back of several significant business wins in all three major operating areas, wins which it expects will grow the numbers even further next year, by between 10 and 15 per cent.

    Its net revenue for 2017/18 – excluding print management pass through costs – was up by nine per cent to $107.6m from $98.7m, with statutory revenue up by seven per cent to $155.2m.

    Its EBITDA was also up by 9 per cent to $20.5m, its EBIT up by 11 per cent to $17.7m, while profit after tax from continuing operations was up by 10 per cent to $11.72m.

    Revenues increased in each of Wellcom’s operating segments of Australia, the US and the UK, with significant new business including News Corp in Australia, Countdown in New Zealand, Red Lobster and Southern Grocers in the US, and Tesco and HomeAway – Expedia in the UK.

    Demand for high quality growing: Wayne Sidwell, Wellcom.

    Group chairman Wayne Sidwell says, “The demand for high quality visual content continues to grow, with the speed at which brands can produce this content playing a significant role in their success. Wellcom’s expertise is in ensuring that our clients’ marketing and advertising creative content is delivered in the right context with speed, accuracy and consistency.

    “The business is well positioned for the future with the ability to service global customers in all leading consumer markets.”

    Wellcom is about to buy the business and selected assets of Brandsystems International (Singapore), a marketing resource management system that allows the marketing departments of large and mid sized companies to plan, budget, manage and analyse their entire global marketing efforts.

    The acquisition is expected to be completed next month, and will be funded by Wellcom’s cash reserves and new debt.