G3 Group (GGL)

Business description

G3 Group operates three principal business divisions: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ.

Investment summary

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the three months to 31 March 2017 was strong, with both gross and operating margins reported in line with recently increased targets. The company attributes its outperformance to strong revenues in the higher-margin document management and tourist collateral businesses versus the lower-margin business mail unit. Encouragingly, inventory days have continued to reduce as product is sold off after increasing with the buy-up of business mail products during Q1. Management stated that KOM results for FY17 were all close to the reset targets and within the allowable variation of 10%.

Last updated on 07/05/2017

Company address

10 Haultain Street
Mount Eden
Auckland
New Zealand
+64 9 307 5858
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