Friday, August 31st, 2018 - Joyce Corporation

FY18 Full Year Review

30th August 2018


For Immediate Release:

We are pleased to announce another successful year for the Joyce Group. The FY18 results demonstrate the ongoing delivery of growth which stretches back to FY14, the key metrics are: 

Highlights include Year on Year increases in:

  • Revenue from continuing operations of 22%
  • Profit attributable to the Joyce equity holders of22%
  • Cash generated from operations of 70%


Over the five years FY14 to FY18 the annual compound growth rates were

  • Sales increases of 66% p.a 
  • Group EBIT of 79% p.a

Joyce dividend comparison to the market(numbers based on 24/7/18 data)

  • Joyce Dividend Yield of 8.3%
  • ASX top 300 Dividend Yield of 4.3% 
  • Consumer Discretionary Dividend Yield of 3.8%


Within the Joyce portfolio of businesses each entity is at a different stage of its evolution. The current stages are

  • KWB – Optimising
  • Lloyds – Maximising Future Potential 
  • Bed shed – Solid and Consistent Performer


The Joyce Group is positioned for ongoing double-digit earnings growth. This is supported by experience over the past five financial years and the ongoing investment in owned businesses and acquisition growth.

Further detail on the Groups growth and future plans are contained within the Annual Report and the Brokers Presentation. We commend Joyce Corporation Ltd to you.

Anthony Mankarios

Executive Director

Email: [email protected]


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Joyce Corporation

Joyce Corporation Ltd is an ASX Listed {ASX: JYC}, Australian operated company focused on the Business-to-Consumer market, with its Head Office in Perth, Western Australia.

Established for more than 130 years, Joyce Corporation Ltd has grown to become a successful and well recognised brand in the Australian market. The Company started as a foam and furniture manufacturer and quickly became the largest in its field.

In 2005, the group began to undergo significant restructuring including the sale of the Joyce Foam Products business, divestment of its Moorebank NSW and Brendale QLD Property interests and the strategic acquisition of 100% of Bedshed Franchising.

In 2014, the group expanded its operations via the acquisition of a 51% controlling interest in KWB Group Pty Ltd, owners of the iconic Kitchen Connection and WallSpan retail showroom and installation business.

Most recently, Joyce Corporation Ltd acquired a 51% interest in Lloyds Online Auctions Pty Ltd, a long standing online auction business which also owns 51% of the onsite auction business and valuations business of Lloyds Auctioneers and Valuers Pty Ltd.

The Company is currently assessing opportunities across Australia for further investments in established businesses. Its corporate culture and expertise make it an ideal partner for many small to medium growth businesses.

Anthony Mankarios
M: 0438 553 403


Joyce Corp (ASX:JYC) Announce Fifth Year of Continuous Growth




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