New Brand Identity and Operational Update

MARKET RELEASE
4 November 2020

 

NEW BRAND IDENTITY FOR CARPET BUSINESS AND OPERATIONAL UPDATE

  • New Bremworth brand identity leads Cavalier’s transformational strategy towards sustainable, interior solutions business.
  • Exit from synthetic carpet market well-advanced.
  • Q1 results up on previous year.
  • Sales revenues for first quarter of FY21 have continued to be stronger than anticipated when the Company first came out of COVID-19 Level 4 lockdown in April.
  • Further reduction in net debt to $1.4m as at end of October 2020, putting the Company in a strong position from which to execute the transformation.
  • Sale and leaseback of the Auckland property, with the net proceeds to be invested in supporting the new strategy, remains underway.

 

Please click on the link below for full details. 

 

New Brand Identity and Operational Update
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