Sales in the public sector – not traditionally a stronghold for Officeworks – were boosted by a place on the Queensland state office supplies contract.
The latest half-yearly results released in February showed top-line growth of 4.6% to A$745 million (US$673 million) while EBITDA increased 10.5% to A$42 million.
While regarded locally as a big box player, Officeworks is still nimble enough to implement change relatively quickly, and the revamping of its in-store merchandising to include categories such as technology, fashion stationery and photo printing has meant it has been able to enjoy same-store sales growth – something its larger cousins in Europe and North America have so far found elusive.
