close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Move shifts gear again after bloodbath result

Listed transport company reported a significant loss, while another turnaround strategy is actioned.

Former 2 Cheap Cars’ chief executive Paul Millward to lead Move’s new turnaround strategy.

Key points
  • Revenue: Down 14.5% to $293.9m.
  • Loss: $48.1m, compared with a $7.2m loss last year.
  • Main takeaway: Move in a difficult spot as it acknowledges it was too slow to respond to the economic downturn. Putting its weight behind new CEO Paul Millward and a new turnaround strategy.

Move Logistics tells NBR it is “laser focused” on embedding a “well resourced” and “well thought out” new strategy, led by an experienced turnaround executive, in order to survive and thrive as the economy recovers.

Yesterday, the dual-listed transport and logistics company reported a

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Fri, 30 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Key points
  • Revenue: Down 14.5% to $293.9m.
  • Loss: $48.1m, compared with a $7.2m loss last year.
  • Main takeaway: Move in a difficult spot as it acknowledges it was too slow to respond to the economic downturn. Putting its weight behind new CEO Paul Millward and a new turnaround strategy.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Move shifts gear again after bloodbath result
Investment,
105611
true