KMD Brands Limited Reports Resilient FY24 Results

KMD Brands Limited (AU:KMD) has released an update.

KMD Brands Limited reported mixed results for FY24, with Rip Curl and Kathmandu experiencing improvements in sales over the second half of the year despite a difficult consumer environment. The company saw a slight decrease in gross margin and a significant reduction in net debt, ending the year with strong funding headroom. KMD anticipates an underlying EBITDA of $49 to $51 million and has tightly controlled operating costs, benefiting from prior restructuring.

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