Vulcan Steel

Vulcan Steel was founded by Peter Wells in Auckland in 1995 as a steel distribution business.

The company has grown dramatically since then, both organically and through acquiring 10 established businesses.

Vulcan entered the Australian market in 2002 through the acquisition of 50% of Horan Steel, and its most important purchase was Sandvik’s Australasian stainless steel distribution business in late 2014. It bought the remaining 50% of Horan Steel in 2019.

The company is now in 16 locations around Australia, with 460 staff, and 13 locations in New Zealand, with 382 employees here. Last year it generated $451.1 million worth of sales in Australia and $280.4m in New Zealand.

See original story by Brian Gaynor.

Company Details

Registered Office: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Postal Address: 29 Neales Road, East Tamaki, Auckland 2013, New Zealand

Telephone: +6492737214

Facsimile: n/a

Website: https://vulcan.co/

First Listed: 04/11/2021

Balance Date: 30 June

AGM: 08/11/2023

Directors and Executives

Wayne Boyd

Non-Executive Director

Adrian Casey

Chief Operating Officer

Russell Chenu

Chair

Bart de Haan

Independent Non-Executive Director

Nicola Greer

Independent Non-Executive Director

Rhys Jones

Chief Executive Officer and Managing Director

Sarah-Jane Lawson

Company Secretary

Carolyn Steele

Independent Non-Executive Director

Kar Yue Yeo

Chief Financial Officer

Announcements

Title	Date	Type
Results of Annual Meeting of Shareholders	Fri, Nov 01 2024 02:18 pm	MEETING
Annual Meeting of shareholders presentation	Fri, Nov 01 2024 09:29 am	MEETING
Vulcan Trading Update	Mon, Oct 21 2024 09:52 am	MKTUPDTE
Change of Director’s Interest Notice – Rhys Jones	Mon, Oct 14 2024 11:10 am	SHINTR
2024 Notice of Annual Meeting of shareholders	Mon, Sep 30 2024 10:47 am	MEETING
Change of Director’s Interest Notice – Adrian Casey	Mon, Sep 30 2024 10:45 am	SECISSUE
Change of Director’s Interest Notice – Rhys Jones	Mon, Sep 30 2024 10:44 am	SECISSUE
Lodgement of ASX Appendix 3G and filing of ASX Appendix 2A	Mon, Sep 30 2024 10:40 am	SECISSUE
Notice under section 708A(5)(e) of Corporations Act 2001	Mon, Sep 30 2024 10:36 am	SECISSUE
ASX Appendix 2A – Application for quotation of securities	Mon, Sep 30 2024 10:34 am	SECISSUE

Major Holdings Announcements

Date	Name	No. Held	%	Current
11/08/23	Mayoral Trust Limited as trustee of	9,247,780	-	7.04
25/01/23	Forsyth Barr Investment Management	7,923,216	5.01	6.03
07/03/22	Takutai Limited as trustee of the T	18,666,039	14.01	14.20
08/11/21	Rhys Jones and Lorraine Susan Taylo	4,718,000	5.98	3.59
08/11/21	Helen Cynthia Moore, Patrick James	5,400,000	6.85	4.11
08/11/21	Adrian John Casey, Henderika Fiona	5,870,711	7.45	4.47
08/11/21	Partitio Trustee Limited as trustee	7,303,688	9.26	5.56
08/11/21	Vulcan Sale Company Limited	-	39.83	-
08/11/21	Wide View Enterprises Limited	4,604,009	5.84	3.50
04/11/21	Vulcan Steel Limited	79,064,144	-	60.17

Director’s Interests Announcements

no directors' interests listed

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	59.2	45.0	36.0	1,145.7	122.8	171.6
high	59.2	45.0	36.0	1,145.7	122.8	171.6
low	59.2	45.0	36.0	1,145.7	122.8	171.6
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 13/02/2024