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Cyclone-related loss clouds positive strategic progress

Cyclone-related loss clouds positive strategic progress

At a glance: Revenue: $1.33 billion, up from $1.30 billion Operating (loss)/profit: ($45.6 million), down from $20.4 million Net loss before tax: ($64.2 million), down from ($3.3 million) Net loss after tax: ($46.6 million), down from ($0.9 million) The impact of...

T&G Global reports its 2023 Interim Results

T&G Global reports its 2023 Interim Results

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...

Difficult year impacts T&G Global 2022 annual results

Difficult year impacts T&G Global 2022 annual results

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...

T&G Global reports its 2022 Interim Results

T&G Global reports its 2022 Interim Results

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...

T&G Global reports its 2021 Annual Results

T&G Global reports its 2021 Annual Results

At a glance: Revenue: $1.37 billion, down from $1.41 billion Operating profit: $16.9 million, down from $32.4 million Net profit before tax: $9.8 million, down from $22.0 million Net profit after tax: $13.6 million, down from $16.6 million Total equity: $573.6...

Sale and Leaseback of 22 Whakatu Road, Hastings

Sale and Leaseback of 22 Whakatu Road, Hastings

T&G and PFI enter sale and leaseback of 22 Whakatu Road, Hastings T&G Global is selling and leasing back its Whakatu West site at 22 Whakatu Road, Hastings, in a move which will generate $79.545 million to support its growth strategy. The 9.56 hectare site is...

T&G Fresh announces new Managing Director

T&G Fresh announces new Managing Director

New Zealand’s largest grower and distributor of fresh produce, T&G Fresh, today announced the appointment of its new Managing Director – Rod Gibson. Rod joins T&G Fresh from Animates – New Zealand’s leading integrated pet retail business, where he is currently...

T&G Global reports its 2021 Interim Results

T&G Global reports its 2021 Interim Results

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 holds 100th Annual Shareholder Meeting

T&G Global holds 100th Annual Shareholder Meeting

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 Chairman to step down

T&G Global Chairman to step down

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...

T&G reports its 2020 Annual Results

T&G reports its 2020 Annual Results

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 announces new Chief Financial Officer

T&G announces new Chief Financial Officer

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 sale and leaseback of 484 Nayland Road, Nelson

T&G sale and leaseback of 484 Nayland Road, Nelson

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....

T&G reports its 2020 Interim Results

T&G reports its 2020 Interim Results

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...

Freshmax New Zealand – Update on Acquisition

Freshmax New Zealand – Update on Acquisition

Further to the announcement dated 2 April 2020, T&G Global advises that all conditions of the acquisition of the domestic business of Freshmax New Zealand have now been satisfied. The transaction is due to complete on 30 April 2020.

Cyclone-related loss clouds positive strategic progress

Cyclone-related loss clouds positive strategic progress

At a glance: Revenue: $1.33 billion, up from $1.30 billion Operating (loss)/profit: ($45.6 million), down from $20.4 million Net loss before tax: ($64.2 million), down from ($3.3 million) Net loss after tax: ($46.6 million), down from ($0.9 million) The impact of...

T&G Global reports its 2023 Interim Results

T&G Global reports its 2023 Interim Results

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...

Difficult year impacts T&G Global 2022 annual results

Difficult year impacts T&G Global 2022 annual results

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...

T&G Global reports its 2022 Interim Results

T&G Global reports its 2022 Interim Results

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...

T&G Global reports its 2021 Annual Results

T&G Global reports its 2021 Annual Results

At a glance: Revenue: $1.37 billion, down from $1.41 billion Operating profit: $16.9 million, down from $32.4 million Net profit before tax: $9.8 million, down from $22.0 million Net profit after tax: $13.6 million, down from $16.6 million Total equity: $573.6...

Sale and Leaseback of 22 Whakatu Road, Hastings

Sale and Leaseback of 22 Whakatu Road, Hastings

T&G and PFI enter sale and leaseback of 22 Whakatu Road, Hastings T&G Global is selling and leasing back its Whakatu West site at 22 Whakatu Road, Hastings, in a move which will generate $79.545 million to support its growth strategy. The 9.56 hectare site is...

T&G Fresh announces new Managing Director

T&G Fresh announces new Managing Director

New Zealand’s largest grower and distributor of fresh produce, T&G Fresh, today announced the appointment of its new Managing Director – Rod Gibson. Rod joins T&G Fresh from Animates – New Zealand’s leading integrated pet retail business, where he is currently...

T&G Global reports its 2021 Interim Results

T&G Global reports its 2021 Interim Results

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 holds 100th Annual Shareholder Meeting

T&G Global holds 100th Annual Shareholder Meeting

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 Chairman to step down

T&G Global Chairman to step down

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...

T&G reports its 2020 Annual Results

T&G reports its 2020 Annual Results

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 announces new Chief Financial Officer

T&G announces new Chief Financial Officer

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 sale and leaseback of 484 Nayland Road, Nelson

T&G sale and leaseback of 484 Nayland Road, Nelson

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....

T&G reports its 2020 Interim Results

T&G reports its 2020 Interim Results

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...

Freshmax New Zealand – Update on Acquisition

Freshmax New Zealand – Update on Acquisition

Further to the announcement dated 2 April 2020, T&G Global advises that all conditions of the acquisition of the domestic business of Freshmax New Zealand have now been satisfied. The transaction is due to complete on 30 April 2020.

T&G Global builds strong foundations for future growth

T&G Global builds strong foundations for future growth

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 announces CFO change

T&G announces CFO change

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 and Seeka reach agreement over kiwifruit operation and assets

T&G and Seeka reach agreement over kiwifruit operation and assets

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 Announces New Leadership Appointments

T&G Global Limited Announces New Leadership Appointments

The Board of T&G Global Limited (T&G) is pleased to announce the appointment of Mr Gareth Edgecombe as Chief Executive Officer (CEO). His commencement date is yet to be confirmed. Additionally, Mr Peter Landon-Lane has been appointed as Chief Operating Officer...

T&G Global confirms sale of processed foods business

T&G Global confirms sale of processed foods business

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 continues growth path despite challenging year

T&G continues growth path despite challenging year

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...

Retirement of Deputy Chairman – Sir John Anderson

Retirement of Deputy Chairman – Sir John Anderson

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 Considering Options To Exit Processed Foods

T&G Global Limited Considering Options To Exit Processed Foods

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,...

2017 Annual General Meeting

2017 Annual General Meeting

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...

New Board Appointment at T&G

New Board Appointment at T&G

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...

T&G GLOBAL ACHIEVES 67% INCREASE IN PROFIT AFTER TAX

T&G GLOBAL ACHIEVES 67% INCREASE IN PROFIT AFTER TAX

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 announces half-year result

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...

Sale of T&G’s crate business to Pact

Sale of T&G’s crate business to Pact

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 Announces The Acquisition Of Apollo Apples Ltd

Turners & Growers Announces The Acquisition Of Apollo Apples Ltd

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 announces new growth strategy

Turners & Growers announces new growth strategy

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...

2012 Annual General Meeting

2012 Annual General Meeting

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...

Takeover by BayWa has significant benefits

Takeover by BayWa has significant benefits

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...