Burson Group: clear growth strategy
Burson Group (ASX:BAP) reiterated its credentials as one of the better managed growth stories in the Australian small companies universe by posting an interim result ahead of consensus expectations. The company purchased MAH (formerly Metcash Automotive) in July 2015, which included Autobarn, ABS and Midas store networks. Pleasingly, both the existing highly defensive Burson trade business and recently acquired MAH stores delivered strong sales and margin growth and demonstrated an impressive ability to pass on supplier price increases (which were driven by the lower Australian dollar). In our post-result meeting, management articulated a clear strategy to grow each of its key business units and cement itself as Australasia’s leading provider of after-market parts, accessories and services. (VIEW LINK)
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Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.