Investor News

Preliminary announcement of results for year ended 30 June 2016 - 26th August 2016


Cavalier is pleased to announce a normalised profit after tax of $6.3 million for the financial year ended 30 June 2016.

Net profit after tax was $3.1 million following one...
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Fish Nets to Carpet - 4th August 2016

Cavalier Bremworth has announced an exclusive Australasian deal with Italian sustainability pioneers Aquafil that will see New Zealand carpet being made from fishing nets and other recycled nylon waste.

Aquafil are the creators of the world’s ...
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Confirmation of manufacturing consolidation - 2nd May 2016

In line with its 13 April proposal to consolidate its manufacturing operations in Napier, Whanganui and Christchurch and having now completed the staff consultation process, Cavalier Corporation confirms that it will be ...
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Manufacturing consolidation - 13th April 2016

Cavalier Corporation is proposing to restructure its manufacturing operations in Napier, Whanganui and Christchurch.

This includes:

Consolidation of woollen yarn spinning operations (currently in...
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Sudden passing of Elco Direct General Manager - 11th April 2016

Cavalier Corporation advises with deepest sadness the sudden death of Ron Cooper, General Manager of its Cambridge-based wool procurement business, Elco Direct, yesterday.

Ron was a hugely respected ...
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Chairman's address - 24 November 2015 Annual Meeting of shareholders - 18th July 2016

Thank you, Paul.

The year to June 2015 proved to be another challenging year for Cavalier. It involved some major decision points for the Group as we continued to adapt to an ever changing environment.

During the year, we completed a ...
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Chief Executive Officer's address - 24 November 2015 Annual Meeting of shareholders - 19th July 2016

Thank you, Sarah. Good morning, everyone.

First, a quick reminder of the Group's operations and principal activities, comprising:

Broadloom carpets – sold under the Cavalier Bremworth and Norman Ellison brands ...
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Appointment of Chief Executive Officer - 18th July 2016

The Directors of Cavalier Corporation are pleased to confirm the appointment of Paul Alston to the role of Chief Executive Officer.

Paul joined Cavalier as Chief Financial Officer in November 2012 and was appointed Interim Chief Executive Officer in...
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Restructure of Cavalier Carpets broadloom carpet business - 18th July 2016

2 October 2015

In response to the necessity to downsize and streamline the corporate structure following the recent sale of the Ontera tile manufacturing operation, Brent Wollaston - Chief Executive Officer of the Cavalier Carpets ...
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2014/15 Annual Report released - 18th July 2016

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

Please see the Results and Reports section to download the 2014/15 Annual Report.

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CWH & NZWSI merger second determination - 18th July 2016

The Commerce Commission yesterday issued its second draft determination maintaining its earlier draft determination in March 2015 to allow the proposed merger between Cavalier Corporation’s 50%-owned Cavalier Wool Holdings Ltd (CWH) and the wool ...
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Sale of the Sydney warehousing and office facility - 18th July 2016

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 ...
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Sale of Ontera Modular Carpets completed - 18th July 2016

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.

Paul Alston

Chief Executive Officer

For and on behalf of the Board of ...
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Preliminary announcement of results for the year ended 30 June 2015 - 18th July 2016

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 ...
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Sale of Ontera to Milliken - 18th July 2016

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 ...
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Cavalier updates strategy and business plan - 18th July 2016

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.

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Earnings Advisory / CEO steps down - 19th July 2016

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...
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Commerce Commission approves merger of scouring assets - 19th July 2016

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 ...
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2014 Half Year result announced - 19th July 2016

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 ...
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Year end earnings guidance issued - 19th July 2016

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...
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June 2015 year-end earnings guidance - 19th July 2016

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.&...
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Cavalier wool scour business to merge - 19th July 2016

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.

Cavalier Wool Holdings Limited (CWH), an ...
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Appointment of CFO announced - 19th July 2016

Cavalier Corporation advises that Sarah Hipkiss will assume the position of Chief Financial Officer from 1 September 2016.

Sarah has been a KPMG audit partner since 2011 and is a highly experienced senior finance professional with expertise in ...
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