Annual Report 2017

Excellent progress continues

  • Revenue up 7.7% on F16 to $234.9m
  • Operating EBITDA up 9.8% on F16 to $154.3m
  • Net operating profit after tax up 12.0% on F16 to $93.0m
  • Earnings per share of 23.76 cents
  • Dividends of 8.5c per share paid in March, and 10c per share to be paid in September

Chairman David Kirk said Trade Me's result reflected the company’s "excellent progress", with double-digit growth in profit and earnings.

A successful multi-year period of accelerated reinvestment in people, product development, marketing and sales has set Trade Me up for success over the medium to long term.

Trade Me CEO Jon Macdonald said it had been another good year for Trade Me. “The company is going well. We have delivered revenue and profit growth to our investors, and also demonstrated our continued ability to keep costs within our forecasts.”

The rate of our expense growth has continued to decline. Expenses grew by just 5.7 per cent year-on-year, down significantly on the 17.8 and 25.5 per cent growth in F16 and F15 respectively. We have targeted our investment carefully, in line with our strategy.

Looking ahead, Trade Me will continue to derive benefit from the investment we have made over the past three years and we are better placed than ever to convert on the opportunities in front of us and keep growing.