KEY ACHIEVEMENTS
Group revenue
$103.5million
eArnInGS per SHAre
25.7cents
eBITDA
$14.7million
DIvIDenD pAYMenT
13cents
neT DeBT/eBITDA
1.7times
ToTAL ASSeTS per SHAre
$4.70
ConTenTS: 02. CHAIrMAn’S reporT 03. 5 YeAr SuMMArY 04. CHIeF eXeCuTIve’S revIeW
06. WHAT A BeeKeeper DreAMeD 08. nATure’S InTeLLIGenCe 10. GroWInG A SuSTAInABLe MAnuKA SuppLY
12. oLIve LeAF CeLeBrATeS SCIenTIFIC SuCCeSS 14. CreATInG MeMorABLe CuSToMer eXperIenCeS
16. SHArInG STorIeS oF GroWTH 18. THe CoMvITA vALue MoDeL 20. FInAnCIAL HIGHLIGHTS
23. BoArD oF DIreCTorS 24. GovernAnCe 28. CoMpAnY DIreCTorY
• Annual sales rose 8%, breaking through the $100m milestone for the first
time, to reach $103.5m.
• Strong demand in Asia, combined with product and market diversity,
insulated Comvita earnings from the worst impact of Manuka honey
shortages and honey cost increases.
• Manuka honey supply returning to normal as a result of an above average
2012-2013 summer flowering season and additional volumes through the
acquisition of an additional high-quality Manuka apiary business.
• A clinical trial on Comvita Fresh Olive Leaf Extract showed significant
positive results for blood sugar control in at-risk adult males.
• Continued strong growth in the medical honey category with annual royalties
now in excess of $1.3m.