Fletcher Building Investor Presentation
Laminates & Panels
Result
June 2012
NZ$M
12 months
June 2013
12 months
% A
Sales
1,849
1,738
-6
EBITDA¹
205
180
-12
EBIT¹
- Laminex¹
80
68
62
-9
- Formica¹
71
58
-18
Total EBIT
139
120
-14
Funds Employed
1,799
1,788
-1
EBITDA/sales%
11.1
10.4
EBIT/sales%
7.5
6.9
ROFE %
7.7
6.7
1. Before significant items
31 Fletcher Building Investor Presentation | © October 2013
Formica
Operating earnings reduced by 18% due
to declines in Europe and further Bilbao
closure costs.
Volumes in North America up slightly.
Operating earnings growth driven by
improved margins and efficiency gains.
South-East Asia volumes up but China
and Taiwan subdued.
European volumes down 5% with
continuing weak demand.
Laminex
Operating earnings 9% lower, with
Australia down but New Zealand up
strongly.
Revenues down 9% in Australia due to
pressure on prices and margins.View entire presentation