A few take outs from the Harvey Norman result today

James Marlay

Livewire Markets

A few take outs from the Harvey Norman result today. Management did not provide specific forward guidance but they did give some macro outlook for FY14. HVN expects Australian housing prices to rise as well as housing constructions - which will reflect positively on their products. Strong growth is expected in 4Q14 from the sale of TVs due to the FIFA World Cup. The Company expects in the 3rd and 4th quarter of FY14 to see the launch of many new mobile devices (smart phones & tablets). Omni strategy continues to strengthen with further integration between stores and online. The profit result has come in marginally ahead of expectations with NPAT (excluding property revaluations) up 3.6% to $117.45m. The dividend was up 33% to 6cents. Media release here: (VIEW LINK)

2 topics

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter