Salmat Limited Announces its Current Contract for the Distribution of Woolworths Limited Catalogues is Concluding and Not Be Renewed for the Next Term
September 10, 2019 at 07:11 pm EDT
Salmat Limited announced that its current contract for the distribution of Woolworths Limited catalogues is concluding and will not be renewed for the next term. This contract accounted for approximately $23 million revenue in financial year 2019. New catalogue contract wins, organic growth in Managed Services and cost-saving measures across the Group will have a
substantial mitigating effect on any impact at the underlying EBITDA level for financial year 2020.