Financial

T&G Global today announces the appointment of Bastian von Streit as a Non-Independent Director, effective 18 April 2024. Mr von Streit has more than 20 years of corporate finance experience across Germany and New Zealand, having held roles at Deloitte, T&G,...

At a glance Revenue: $765.3 million, up from $645.5 million Operating (loss) / profit: ($11.6 million), down from $15.0 million Net (loss) / profit before tax: ($21.4 million), down from $7.8 million Net (loss) / profit after tax: ($15.7 million), down from $5.7...

At a glance:                                                                                                                 Revenue: $1.30 billion, down from $1.37 billion Operating profit: $20.4 million, up from $16.9 million Net (loss) / profit before tax: ($3.3...

At a glance Revenue: $645.5 million, down from $652.1 million Operating profit: $15.0 million, up from $10.9 million Net profit before tax: $7.8 million, up from $5.1 million Net profit after tax: $5.7 million, up from $3.4 million Net assets: $563.6 million, up from...

At a glance Revenue: $652.1 million, down from $671.3 million Operating profit: $10.9 million, down from $19.5 million Net profit before tax: $5.1 million, down from $13.7 million Net profit after tax: $3.4 million, down from $9.5 million Net assets: $514.9 million,...

T&G Global held its 100th Annual Shareholder Meeting today, reviewing the 2020 financial year and providing insight into the economic outlook for the next six months, as well as celebrating the service of its outgoing Chairman and welcoming his successor....

T&G Global today announced that after nine years as Chairman, Prof. Klaus Josef Lutz will step down from the T&G Global Board at the end of its Annual Meeting on 23 June 2021. Prof. Lutz joined the Board in April 2012 and under his leadership the Company has...

At a glance Revenue: $1.4 billion, up from $1.2 billion Operating profit: $32.4 million, up from $16.5 million Net profit before tax: $22.0 million, up from $10.3 million Net profit after tax: $16.6 million, up from $6.6 million Net assets: $520 million, up from $474...

T&G Global announced today that Doug Bygrave will become Chief Financial Officer, effective 1 March 2021. Doug will succeed Bastian von Streit, who is returning home to Germany to take up the position of Chief Financial Officer Global Produce with BayWa AG....

T&G Global is selling and leasing back its 484 Nayland Road, Nelson site, in a move which will generate $50,514,000 to support its growth strategy. The 8.0382 hectare site is being sold to Property Income Fund Limited, a fund recently established by Willis Bond....

At a glance Revenue: $671.3 million, up from $560.8 million Operating profit: $19.5 million, up from $6.2 million Net profit before tax: $13.7 million, up from $3.0 million Net profit after tax: $9.5 million, up from $4.0 million Net assets: $479.8 million, up from...

T&G Global welcomes the New Zealand Commerce Commission’s decision to approve its acquisition of the domestic division of Freshmax New Zealand. T&G Global CEO, Gareth Edgecombe, says the acquisition will bring together two of New Zealand’s leading fresh...

T&G Global Limited’s (T&G) results for the year to 31 December 2019 demonstrate progress on its three-year roadmap for growth, with improvements in its underlying business despite a difficult operating environment. Operating profit of $16.5 million, compared...

T&G Global Limited (formerly Turners and Growers), one of the largest fresh produce companies in New Zealand, has entered into an agreement to acquire the domestic fresh produce division of Freshmax NZ, to boost its New Zealand business and benefit growers,...

T&G Global today announced it will farewell its chief financial officer, Wolfgang Loose and welcome a replacement over the coming weeks. Wolfgang Loose will leave the business mid-November after nearly two years in his role. He joined T&G from BayWa, a...

T&G has reached an agreement regarding the sale of its Kerikeri-based kiwifruit orchards, packhouse facilities and assets to Seeka Limited. The agreement, valued at approximately $40 million will see Seeka purchase T&G’s post-harvest facilities in Kerikeri for...

T&G Global Limited (T&G) has today entered into a conditional sale and purchase agreement for the sale of the major assets of its subsidiary ENZAFoods New Zealand Limited (trading as T&G Foods) to Cedenco Foods New Zealand Limited (“Cedenco”). Under the...

T&G Global Limited (T&G) had plenty to celebrate in its 120th year despite climatic challenges which impacted its overall business result and contributed to a reduced profit after tax of $22.6m, down 30% on the previous year. The Group reported over a billion...

T&G Global has announced that Sir John Anderson will retire from the Board of Directors, effective 14 December 2017. The highly respected New Zealand business leader was first appointed as a Director in April 2012, and as Deputy Chairman in December 2012. Over...

T&G Global Limited (T&G) announces that it is considering the potential sale of the business and/or assets of its food processing subsidiary ENZAFoods New Zealand Limited trading as T&G Foods. T&G’s strategy is to focus on its core business of growing,...

Speaking on behalf of Chairman Prof. Klaus Josef Lutz, Director John Wilson noted that the Company was this year celebrating 120 years in business. T&G had another very successful year in 2016, achieving record revenue of $872m, an increase of 7% on 2015. The...

The Board of T&G Global Limited (T&G) is pleased to announce the appointment of a new Director, Mr Mau Wah Liu. Mr Liu has more than 30 years of extensive experience in the produce industry and enterprise management. In 1998, he founded Golden Wing Mau...

HORTICULTURE LEADER ON TRACK TO ACHIEVE NZ$2 BILLION REVENUE BY 2022 T&G Global Limited and its subsidiary companies (T&G Global) achieved a profit after income tax of $32.4 million for its 2016 financial year (January to December), a 67 per cent increase on...

T&G Global announces half-year result  T&G Global Limited is pleased to announce a profit after tax for the first six months of 2016 of $22.7m, compared to $12.0m in the first six months of 2015. T&G achieved revenue of $423 million for the six months...

T&G Global Limited (T&G) is pleased to announce that it has agreed to sell its crate hire business, trading as the Fruit Case Company (FCC), to PACT Group Limited (Pact) for $21M (subject to completion adjustments). The assets being sold have a value in...

Turners & Growers Limited (“T&G”) announced today the acquisition of Bay of Plenty tomato grower Great Lake Tomatoes Limited (“Great Lake”) and Waikato tomato grower Rianto Limited (“Rianto”).  “Earlier this year we launched our strategic pillars with Covered...

Turners & Growers Limited announced today the proposed acquisition of Hawkes Bay-based Apollo Apples for an initial payment of NZ$36.05million. The acquisition of Apollo, which grows, packs and exports approximately 1.4m cartons of apples every year and owns or...

Turners & Growers has announced a new blueprint to generate further growth for the company and drive improvements for growers, customers and consumers.  The company, New Zealand’s leading distributor and marketer of fresh produce, has launched a new corporate...

The 91st Annual Meeting of Turners & Growers Limited was held at the Waipuna Hotel and Conference Centre on Thursday 28th June  at 2:00pm. The speaking notes from the Turners & Growers CEO, Chairman and Director are available for download  here - Klaus Lutz...

Turners & Growers Managing Director, Jeff Wesley says the takeover by BayWa Aktiengesellschaft will have significant benefits for New Zealand's fresh produce industries. Mr Wesley, who has announced his retirement from the company after 7 years, says the German...