The latest Ingham’s news
HOW WE ARE LAYING THE SOLID FOUNDATIONS FOR GROWTH
21 February 2020
A solid foundation provides us with a road map that will lead us to better business results. As we approached the closing of the first half of FY2020 last 28 December 2019, Inghams Group Limited announced it has laid solid foundations for delivering consistent profitable growth.
We have begun the financial year with operational and financial challenges as we worked hard to turnaround our Further Processing restructure in Australia to deliver higher volumes and lower costs.
The New Zealand team report that they are on track, having delivered year-on-year growth despite virus containment measures that restricted chicken exports and led to an oversupply in the market.
Demand for core poultry across Australia and New Zealand of 4.1 per cent means strong ongoing consumer demand for healthier food rich in protein. This has a positive flow-on effect to Ingham’s as we work together to deliver increased volumes of chicken and turkey to our customers. This resulted in 4.7 per cent volume growth in Australia and 0.9 per cent growth in New Zealand.
Staying true to our commitment to long-term success, we have invested $40 million for business growth during the six months. This included the following:
- A new hatchery project in Queensland, which is world-leading for animal welfare
- A new chiller equipment in our processing plants in Victoria and Western Australia
- new de-boner in New Zealand
Feed is a large cost in our business, and we are paying higher prices due to the ongoing impact of the drought and having to export feed from other states for our facilities in New South Wales and Queensland.
We continue to monitor impacts to the business such as adverse weather and bushfires to ensure we can mitigate any negative impact.
Our bushfire planning process enabled us to protect our people and facilities during the recent bushfire crisis, including evacuation at our facilities in New South Wales and South Australia. Despite some logistical delivery challenges in Western Australia and in the coastal supply chain on the East Coast due to the bushfires, our teams have worked tirelessly to get our product to our customers and to the public.
The company’s long-term outlook will be supported by our continuous improvement teams to drive efficiency in our business and our five-year strategic plan to ensure we are fit for growth.
Ingham’s Managing Director and Chief Executive Officer, Jim Leighton, said, “The company’s results reflect the hard work of the Ingham’s team who take great care in our animals and are committed to providing quality innovative products to our customers and consumers.”
Product Recall: Sweet Chilli Chicken Kiev
MEDIA STATEMENT Ingham’s wishes to advise customers it is conducting a recall on its sweet chilli chicken kievs. The recall applies to product purchased from the deli counter in Woolworths stores in New South Wales, Queensland, Victoria and Western Australia...
Product Recall: Turkey Breast Roast
MEDIA STATEMENT Ingham’s wishes to advise customers it is conducting a recall on its Turkey Breast Roast 1kg product (Best Before Date: 01/10/2020). The product has been available for sale at Woolworths stores in New South Wales, Australian Capital Territory,...
Product Recall: Gluten Free Schnitzel
Media Statement Ingham’s wishes to advise customers it is conducting a recall on its Gluten Free Chicken Schnitzel product sold chilled in 440g packages (Best Before Date: 08/04/2019). The product has been available for sale at Woolworths stores in Victoria...
Ingham’s CEO Transition
ASX Release 07 June 2018 Inghams Group Limited (ASX: ING, Ingham’s) Ingham’s CEO Transition The Chairman of Inghams Group Limited [ASX: ING, Ingham’s], Peter Bush, today announced that after four years of leading Ingham’s, Chief Executive Officer Mick McMahon would be...
Product Recall
If you want to enquire about our product recall of Ingham's Chicken Sweet Chilli Tenders 400g packages with the the use-by dates 28/02/2019 and 01/03/2019 please call 1800 785 940 or email [email protected]
Product Recall: Chicken Sweet Chilli Tenders
Media Statement Ingham’s today announced the recall of its Chicken Sweet Chilli Tenders sold in 400g packages. The packages contain the use-by dates 28/02/2019 and 01/03/2019 and are sold at Coles, Woolworths, IGA and SPAR stores throughout Australia. The...
Inghams Group Limited Half Year Financial Results FY2018
ASX RELEASE Financial Results (comparison to Pro forma 1H FY2017) Poultry volumes of 255kt, increased 2.8% Gross Profit of $243.1m, increased 6.1% EBITDA of $116.2m, increased 22.0% Underlying EBITDA of $108.9m, increased 14.8% Net Cash provided by operating...
Ingham’s Announces Changes to Board of Directors
ASX RELEASE Ingham’s announces changes to Board of Directors (19 September 2017) Inghams Group Limited ACN 162 709 506 (ASX: ING, Ingham’s) today announced changes to its Board of Directors with the appointment of Mr Joel Thickins and Ms Jackie McArthur as...
Ingham’s Responds to AFR Article (4 September 2017)
ASX RELEASE Ingham’s responds to AFR article (4 September 2017) (5 September 2017) Inghams Group Limited (ASX: ING, Ingham’s) notes the article published on page 21 in The Australian Financial Review on Monday 4 September 2017 (Bulls and Bears: Why some...
Ingham’s NZ Plant Recognised for Outstanding Water Management
Media Release Ingham’s NZ plant recognised for outstanding water management (29 August 2017) Inghams Group Limited (ASX: ING), Australia and New Zealand’s leading integrated poultry producer, has been recognised for its outstanding water management by a global...
Statement on Critically Important Antibiotics
Media Statement Statement on critically important antibiotics (25 August 2017) Inghams Group Limited confirms that all our chicken products are produced without the use of any critically important antibiotics as defined by the World Health Organization (WHO)....
Inghams Group Limited Full Year Financial Results FY2017
ASX Release Inghams Group Limited Full Year Financial Results FY2017 Financial highlights FY17 (compared to FY16) Pro forma poultry volumes 495.3kt, up 11.5% Pro forma revenue $2,383.9m, up 3.3% Pro forma EBITDA $195.0m, up 16.4% Pro forma net profit after tax...