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22 Nov 2024

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Comvita Limited - Annual Report 2024
Please find attached Comvita Limited’s (NZX:CVT) Annual Report for the year ended 30 June 2024, which includes the Financial Statements and its first Climate Statement

Mangement shake up at Comvita after heavy loss announced
Among the changes the chief executive will become an advisor to the board while the board chair becomes acting chief executive.

Comvita takeover bid withdrawn
Comvita says the bidder has advised the company it will no longer proceed with the offer

CVT - Party not proceeding with offer
On 22 February 2024, Comvita Limited NZX:CVT (Comvita) advised that an offshore party approached Comvita with a highly conditional, unsolicited, indicative, non-binding proposal to acquire all of the shares in Comvita (Proposal)

CVT - Comvita trading update
Comvita Limited (NZX:CVT) is today providing an update on its current trading performance, the forecasted impact on its interim results and for the full year ending 30th June 2024

Comvita reports record revenue but net profit down
Honey exporter Comvita has reported record full year revenue, with all market segments seeing double digit growth.

Comvita achieve B Corp certification
Comvita Limited (NZX:CVT) today announced that they have achieved B Corp Certification marking a significant milestone in their commitment to responsible and sustainable business practices and joining a global community where business is a force for good

Comvita Acquires Market Leader HoneyWorld Singapore
Comvita Limited (NZX:CVT) today announced that they have acquired specialist honey retailer HoneyWorld Singapore and its consumer brands in a transaction valuing HoneyWorld at SG$8.5M (NZ$10.36M)

Drop in demand from China a factor in Comvita $77m loss
The loss of a major customer in North America has also affected the honey producer's performance.

Comvita looks to cut jobs, slash production after lower sales in China
New Zealand honey company Comvita is looking at cutting jobs and slashing production amid lower sales and weak demand from Chinese consumers.

Manuka honey producer Comvita 'disappointed' at interim loss
Revenue was down due to weaker consumer demand in China and losing a major customer in North America.

CVT - Challenging interim result, margins and market share robust
Comvita’s revenue was $103M, a reduction of $8.8M vs PCP, with recent acquisition HoneyWorld™ contributing $6.8M in revenue. Thus, on a like for like basis, revenue excluding HoneyWorld™ fell by $14M (-12%) vs PCP, after adjusting for Co

Slowdown in US, China markets hitting Comvita revenue
The honey company is warning this year's earnings and profits will be hit by the soft US and Chinese economies.

Comvita announces change to Board of Directors
Comvita Limited (NZX:CVT) would like to announce that, as previously announced on 9 March 2023, Non-Executive Director Luke Bunt has confirmed that he is retiring from the Board of Directors effective 30 September 2023

Comvita Limited annual meeting and director nominations
Its annual meeting is to be held on Wednesday, 4 October 2023 commencing at 11.00am. In accordance with NZX Listing Rule 2.3.2 the opening date for director nominations is Thursday 10 August and the closing date is Thursday 24 August, 4.00pm

Comvita full year results, call details for 22 August 2023
On Tuesday, 22 August at 11:00am (NZ time), Comvita CEO David Banfield and CFO Nigel Greenwood will host a virtual conference call for investors to present the results for the year ended 30 June 2023