Methven's new strategy sets $130M revenue target for 2018

Tue, 14 Jul 2015

By Fiona Rotherham July 14 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer, has set a target of raising annual revenue from $96 million to $130 million by 2018 under a three-year strategic plan released at its annual general meeting in Auckland today. The plan aims to grow net profit after tax from 5.9 percent of revenue to 10 percent in the next three years by focusing on its three main markets in New Zealand, Australia, and the UK, lifting its online profile and pushing disruptive, new technology. The Auckland-b...

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