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Business Description: Hills Holdings Ltd (HIL, formerly Hills Industries Ltd) manufactures, imports and distributes electronics, home, hardware, building and industrial products in Australia and overseas. HIL's businesses operate in three market segments; Building and Industrial, Lifestyle and Sustainability, and Electronics and Communications.
Strategy Analysis: The strategy is to develop competitive businesses in three main industry segments: Electronics & Communications, Lifestyle & Sustainability, and Building & Industrial Products. The company diversifies to minimise the effects of short-term changes in individual markets and economies, and aims to be a product innovator and a market leader. The overall objective is to grow revenue and earnings incrementally through a combination of organic growth and acquisitions in market segments with attractive growth potential.
Hills Holdings reported a net loss of $74.96m for the year ended 30 June 2011. Revenues from ordinary activities were $1.1bn, down 5.2% from last year. Diluted EPS was (30.1) cents compared to 16.7 cents last year. Net operating cash flow was $12.98m compared to $101.55m last year. The final dividend declared was 4.5 cents, taking the full year dividend to 10.0 cents compared with 12.5 cents last year.
The Age 7/02/2012 | ISRAEL'S Foreign Minister was headed for Washington overnight amid signs that the US and its Middle East ally hold diverging views on how best to resolve the standoff over Iran's disputed nuclear program.
Sydney Morning Herald 7/02/2012 | There will be fewer love hearts and boxes of chocolates this Valentine's Day for the short-lived chief executive of Perpetual Limited, Chris Ryan.
Sydney Morning Herald 7/02/2012 | HOTEL owners and operators are preparing for a busy year of openings and renovations as demand increases from domestic travellers.
The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.