strong infrastructure and systems
Pumpkin Patch has delivered growth through an effective core of infrastructure and an ability to continually develop new systems for emerging markets.
From its 13,395m2 distribution centre in Auckland, Pumpkin Patch responds daily to the inventory requirements of its retail stores in New Zealand,Australia and the UK, and to its department store, internet and mail order sales.
Pumpkin Patch has a commitment to embracing new technology and has developed its own forecasting and inventory systems. The resulting modern software platforms enable flexibility and integration with all facets of design, manufacture, distribution, sales and accounting.
Pumpkin Patch is well known throughout the New Zealand and Australian apparel industries as a company that is able to efficiently and effectively adopt new technology to its benefit.
significant earnings growth
Established in 1990 as a mail order company, Pumpkin Patch has a history of revenue and earnings growth. Pumpkin Patch believes that it has the potential to further develop its home market in New Zealand and Australia through new store openings and brand expansion. Pumpkin Patch also believes that there are significant growth opportunities available internationally.
Forecast EBITDA before non-recurring items is expected to increase to $26.7 million in the 2004 financial year, more than double its level of $11.0 million in the 2001 pro forma financial year. The Directors expect the positive earnings growth trend to continue with forecast EBITDA for 2005 forecast at $31.2 million, an increase of 17% on 2004. This forecast growth in EBITDA is the result of sales growth in all of Pumpkin Patch’s key markets during the 2005 financial year.