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
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.