Adairs Ltd (FRA:1FQ)

€ 1.17 0.02 (1.74%) Market Cap: 208.02 Mil Enterprise Value: 365.86 Mil PE Ratio: 9.48 PB Ratio: 1.48 GF Score: 86/100

Adairs Ltd Investor Conference Call Transcript

Aug 01, 2023 / 01:30AM GMT

Release Date Price: €1.07 (+5.94%)

Transcript

Operator

Thank you for standing by, and welcome to the Adairs Limited update announcement . (Operator Instructions) I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and CEO. Please go ahead.

Mark Ronan

Adairs Limited - MD, CEO & Executive Director

Thanks, everyone, for taking the time to join the call this morning. We have announced today an important strategic initiative that will see Adairs take back operational control of our national distribution center or NDC. In February 2020, we announced our partnership with DHL to build, fit out and operate our NDC. This initiative saw us bring together multiple warehouses under one roof to create a more streamlined domestic supply chain. Unfortunately, due to a variety of reasons, we have not been able to realize the benefits of this strategic project with the facility not achieving the operational outcomes we all expected as part of the original business case.

Whilst the operational outcomes have not been achieved to date, we continue to believe the NDC is capable of fulfilling

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