Officeworks deliver another strong full-year result
| 31 August, 2018
Officeworks, Australia’s leading supplier of office products and solutions for home, small-to-medium businesses and education, reported another strong performance for the 12 months to 30 June 2018.
Revenue for the year increased 9.1 per cent to $2,142 million and earnings before interest and tax (EBIT) increased by 8.3 per cent to $156 million.
Strong sales and earnings growth was underpinned by new and expanded categories, merchandise layout and store design changes and enhancements to Officeworks’ online offer. This has been supported by a continued focus on delivering value for customers through low prices on the widest range of products and great service.
Officeworks’ continued investments in the store network and online, with the business’ capital expenditure program during the year representing the largest capital deployment since the 2009 financial year.
Officeworks Managing Director, Mark Ward said: “Pleasingly our every channel offer continues to resonate with customers and this has seen us deliver a record result this year. The result is a testament to the team’s focus on delivering a compelling offer and seamless experience for customers, whether it be in-store, online or over the phone.
“We are really pleased with the positive customer response to a number of new merchandise and service offerings this year, including the new educational craft range tailored for students and creative minds alike. Growth in online has continued and was supported by the launch of our two hour Click & Collect service which has quickly become a preferred delivery option for customers who value convenience."