Latest results boosted by demand across key categories.

 

Officeworks revenue increased 4.5 per cent to $1,651 million for the half year, with earnings increasing 3.7 per cent to $85 million. 

 

Officeworks’ sales growth was supported by an increase in demand across key categories including print and create, stationery, art and education, which were impacted by lockdowns in the prior corresponding period.

 

This was partially offset by continued price investment and higher promotional activity, partly due to increased competitive intensity in technology. 

 

Rob Scott, managing director of parent company Wesfarmers, said: “The sales mix towards lower-margin technology and furniture categories declined for the half, but remains higher than pre-COVID levels. 

 

“Officeworks continued to invest to modernise its supply chain, including the delivery of productivity improvements at the Victorian Customer Fulfilment Centre (CFC) and progress on the development of a Western Australian CFC.”

 

PHOTO: Officeworks MD Sarah Hunter.