Financial Performance of Myer Holding Ltd: Analysis of First Half of 2018
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This presentation analyzes the financial performance of Myer Holding Ltd for the first half of 2018. It covers the objectives, stakeholders, comparative analysis, problems faced, competition, and efforts of the management. The presentation concludes with a recommendation for potential investors.
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Business Communication NAME OF THE STUDENT NAME OF THE UNIVERSITY AUTHOR’S NOTE
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Introduction The presentation shows the financial performance of Myer Holding ltd which is engaged in retailing business in Australia. The presentation will be depicting the performance of the company for the first half of the year 2018 as per the annual reports published accordingly. The presentation is to depict the capability of the company that it can withstand and overcome any financial problems and perform better.
Objective of the business Maximization of the Value of the business and the shareholders. Increased focus on the perspectives of the customers and meeting the needs of the customers in terms of quality and price. Improving the profitability of the business and gaining long term brand loyalty from the customers.
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Stakeholders of the Business The stakeholders are the individuals who are affected by the activities of the business. In the of Myers Holding ltd, the important stakeholders of the business are given below as identified from the annual report of the company Customers Investors Employees
Performance of First Half 2018 The performance of the business during the first half of 2018 shows the following developments as shown below: The sales of the company has declined from previous year and the decline is of 3.6% and the sales achieved is$ 1,719.7 million The sales per store for business has also decreasedby 3% The online sales of the business has increased to 48.9% which was 48.4% in previous year.
Comparative Analysis
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Problem faced by Myer Holdings The problems which are faced by Myers Holdings ltd are discussed below in point form: Low profitability of the business In ability to adapt to the changes which are occurring in the market of retail Competitive Pressures. Fall in the share prices of the business over a period of five years.
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Competition Faced by Business The main competitors of the business in the retail market is the intense competition by the big retail industries and the business also faces competition in the online sales area from online retail sales giants like Amazon.
Efforts of the Management The focus of the management is on the overall quality, price and perspective of the customers The management plans to build customer brand name and loyalty for the retail business. The board of directors have hold off the interim dividend and plans to pay final dividend at the end of the year, for the purpose of reinvesting the same The online business of the company have grown tremendously and shows prospects of more growth.
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Conclusion The presentation which shows the financial performance of the business clearly depicts that the performance of the business is not up to the mark in the first half of the year but the same can be changed and expectations of the shareholders can be meet effectively. Therefore potential investors should invest in the shares of the company
Reference Belousova, A.A., Gurianov, P.A., Melnichuk, A.V., Vinichenko, M.V. and Duplij, E.V., 2016. Dividend payments and cross-country differences in the choice of dividend.International Journal of Economics and Financial Issues,6(1S). Gamboa, A.M. and Goncalves, H.M., 2014. Customer loyalty through social networks: Lessons from Zara on Facebook.Business Horizons,57(6), pp.709-717. Investor.myer.com.au. (2018).Myer Investor Relations. [online] Available at: http://investor.myer.com.au/Investor-Centre/? page=ASX-Announcements [Accessed 20 Jun. 2018]. Tsimonis, G. and Dimitriadis, S., 2014. Brand strategies in social media.Marketing Intelligence & Planning,32(3), pp.328-344.
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