Latest News

2014/15 Annual Report released

Cavalier Corporation has released its 2014/15 annual report which is now available to download.

Read More

Sale of the Sydney warehousing and office facility

On 28 August 2015, Cavalier Corporation reported on a number of key strategic initiatives aimed at reducing debt and costs. These included the outsourcing of its Australian broadloom carpet logistics and the consequent release of its Sydney-based warehousing and office facility for sale.

Read More

Sale of Ontera Modular Carpets completed

Further to the announcement on 27 August 2015, Cavalier Corporation advises that the transaction to sell the Ontera business to Milliken has now been completed. 

Read More

Preliminary announcement of results for the year ended 30 June 2015

28 August 2015

Cavalier Corporation Limited today announced a reported loss of $25.7 million for the 12 months ended 30 June 2015. As signalled in our announcement on 3 August, we have reviewed the carrying value of certain assets and as a result there has been a significant write-down of tangible and intangible assets, particularly in our tile business. The write-downs are mainly non-cash in nature.

Read More

Sale of Ontera to Milliken

27 August 2015

Following on from the announcement made on 3 August 2015, Cavalier Corporation announces that a conditional asset sale and purchase agreement has been entered into by Ontera (a wholly-owned subsidiary of Cavalier Corporation) with a Milliken subsidiary.

Read More

Cavalier updates strategy and business plan

3 August 2015

Cavalier advises of a number of changes that support the re-focus on core business and debt reduction included in our updated strategy and business plan signalled to the market in our 20th May announcement.

Read More

Changes to the Board of Directors

8 July 2015

Retirement of Alan James

Cavalier Corporation Limited advise that Alan James – who had previously indicated that he was contemplating retiring from the Board – will be stepping down from his role as a Director and Chair of the Board effective 10 July 2015.

Read More

Earnings Advisory / CEO steps down

20 May 2015

The Board of Cavalier Corporation advises that normalised earnings for the 14/15 year are likely to be at, or slightly below, the lower end of the previously advised earnings guidance range of $1 to $4 million tax-paid.

Read More

Commerce Commission approves merger of scouring assets

27 March 2014

The Commerce Commission yesterday issued its draft determination, approving the merger of the scouring assets of 50%-owned Cavalier Wool Holdings Ltd (CWH) and New Zealand Wool Services International Ltd (NZWSI). The Commission will allow a period for formal submissions from interested parties after which it will issue a final determination.

Read More

Half Year Result to Dec 14 announced

20 February 2015

The Directors of Cavalier Corporation have announced that for the first six months ended 31 December 2014, the unaudited group profit after tax is $32,000, representing a $3.4 million reduction on the same period last year. The earnings decrease reflects the tough trading conditions encountered by most business units within the Group.

Read More

June 2015 Year-End Earnings Guidance

21 November 2014

At Cavalier Corporation's pre-Annual Meeting Board meeting today, Directors concluded that their current estimate of normalised tax-paid earnings for the 2015 year was in the range of $1 million to $4 Million. 

Read More

Year end earnings guidance issued

24 October 2014

Cavalier Corporation advises that after three months of trading, while volumes have been consistent with previous year, margins are under pressure, and the Company is unlikely to achieve – on a normalised basis - the $5.8m profit after tax achieved in the 2014 financial year.

Read More

Cavalier wool scour business to merge

22 October 2014

Cavalier Corporation's share in the Cavalier Wool Scour business will reduce with the merging of its operations with New Zealand Wool Servcies International Ltd.

Read More

Cavalier announces $5.8m profit

22 August 2014

The Directors of Cavalier Corporation have announced an audited after tax profit for the year to 30 June 2014 of $5.8 million, compared with a $3.0 million after tax profit in 2013. 

Read More

Cavalier Bremworth joins forces with Mohawk

18 May 2014

Cavalier Corporation subsidiary Cavalier Bremworth has joined forces with the world's largest flooring manufacturer, Mohawk Flooring, to bring Mohawk’s leading premium soft nylon as well as its superior PET products made with the Continuum Process™ to Carpet Court Australia.

Read More