2020

MISSION STATEMENT

Ambertech Limited is an acknowledged leader in the identification, supply and distribution of advanced technologies for the Professional and Consumer audio/visual markets within the Oceania region.

Our purpose is to add significant operational value by developing and strengthening customer relationships, expanding horizons of opportunity and delivering strong and continuous financial growth to stake holders through our proven ability to integrate, implement and commercialise existing and emerging technologies.

C O N T E N T S

  1. Letter to Shareholders
  2. Our Business and Brands
  3. Professional Segment
  4. Lifestyle Entertainment Segment
  5. Financial Report
  6. Shareholders Information
  7. Corporate Directory

LETTER TO SHAREHOLDERS

Dear Shareholders,

On behalf of your Board and executive management we would like to present you with your 2020 Annual Report. This past year has represented a period of significant achievement and change to our business, with the second half of the year operating under the formidable shadow that is the COVID-19 pandemic.

Major business achievements during the year included:

  • The acquisition of the Audio-Visual business of Hills Limited ("HAV"), supported by a successful capital raising. This business has provided an additional $9.5M in revenue since mid-December from a substantial new portfolio of brands. We have also successfully integrated 26 new staff into our team across Australia and New Zealand;
  • Significant contract wins for our Media Systems and Defence, Law Enforcement and Surveillance ("DLES") teams, including the announcement in March of a supply and multi-year support contract with the Australian Broadcasting Corporation ("ABC") valued at over $5M; and
  • Securing new finance facilities with Octet Finance totaling $10M. These new facilities were completed in September 2020 and complement our continued growth strategy.

The initial trading period after the integration of the HAV business was strong, however the business was impacted by COVID-19 and qualified for the JobKeeper support subsidy. The improvement in annual revenues can be seen in the chart below.

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Disclaimer

Ambertech Limited published this content on 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 02:34:00 UTC