“We are celebrating Vegemite’s 100th birthday in 2023 which has received terrific media exposure. It is noteworthy that Vegemite volumes actually grew in FY2023, only the second time in the last 20 years”
Building & Construction
“We’ve had rubbish results for the last five years now. We haven’t had a decent result since 2017 but this is the worst of them” Scott Hutchinson, Exec. Chair, Hutchinson Builders
“They [banks] refuse to lend…Builders can’t pay 15 per cent [interest rates] instead of 5 per cent” Harry Triguboff, CEO, Meriton Group
Supermarkets & Groceries
“We’ve been very focused on the mortgage pressure, but actually the rental pressure is the other one that we started to become far more sensitive to” Brad Banducci, CEO, Woolworths Group Ltd
“We are celebrating Vegemite’s 100th birthday in 2023 which has received terrific media exposure. It is noteworthy that Vegemite volumes actually grew in FY2023, only the second time in the last 20 years” Pete Findlay, CEO, Bega Cheese Ltd
Buses & Transport
“The list of organic growth opportunities is long. Most markets around the world are liberalising and welcoming sector experts to get the most out of tax payer funds and help with the journey of decarbonisation” Clint Feuerherdt, CEO, Kelsian Group Ltd
Domestic Economy
“The impact of return to normal interest rate settings is still working its way into the economy as household budgets adjust. We anticipate the transition of higher interest rates has another 12 months to play through” Joseph Healy, CEO, Judo Bank Ltd
Oil, Refining & Resources
“Refining margins strengthened through the period due totight oil supply, general global demand strength, and lower stocks heading into the northern hemisphere winter” Market Statement, Viva Energy Australia
Compliance, Regulation & Reform
“The cost of compliance continues to grow” Jane Hastings, CEO, EVT Ltd
“The aged care sector is in need of reform across workforce, funding, governance, quality and safety, regulation and system design” Linda Mellors, CEO, Regis Healthcare Ltd
Hotels & Travel
“We’re expecting another record year for our Hotels division. Inbound arrival numbers continue to grow, and this trend will only gather pace as airline capacity increases and major international markets such as China return. These positive trends will be partially offset by softening in domestic leisure demand, but overall we expect occupancy to grow during FY24” Jane Hastings, CEO, EVT Ltd
“International and domestic travel has returned and confidence is improving as travellers book more complex international travel with longer lead times and higher average per person spend” Andrew Burnes, CEO, Helloworld Travel Ltd
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Marketing & Luxury Brands
“When the industry was booming, it was probably less, let's say, need to look at this KPI even if it's always difficult to measure what the return of investment on this type of marketing investments. But clearly, we need to be more selective and to be sure that for the same amount of money, we can be more efficient in terms of impact” Jean-Marc Duplaix, CFO, Kering Group [luxury goods conglomerate & brand owner inc. Gucci]
Mining Infrastructure
“A growing number of low-carbon projects are currently under consideration in the North-West of Western Australia. In the near term we are also seeing the need for investment in major repairs and upgrades in the region to existing aging infrastructure assets. The requirement to house and facilitate staff for these projects is a significant medium-term opportunity” Bruce Nicholson, CEO, Fleetwood Australia Ltd
Residential
“Residential sales activity remained subdued for first-homebuyers, however, leads and enquiry levels were elevated” Campbell Hanan, CEO, Mirvac Group
“Repair and remodel activity has remained resilient, partly offsetting the 17% decline in Australian new housing commencements” Heath Sharp, CEO, Reliance Worldwide Corp. Ltd
Inflation & Labour Markets
“Cost inflation pressure, driven by tight labour markets, has also continued” Peter Wilson, CEO, Reece Group Ltd
“The post COVID pressure of labour has been relieved” Clint Feuerherdt, CEO, Kelsian Group Ltd
Consumer Electronics
“While total sales continue to be well above pre Covid Q1FY19, the Group continues to see variability in category performance” Terry Smart, CEO, JB Hi-Fi Ltd
Beauty & Ethical Products
“We first saw this [DIY products] really take off during COVID-19 when many consumers looked for ways to maintain their skincare and haircare routines from home. Now, with the consumer very focused on value and convenience, there is a new cohort of consumers browsing these DIY products who are motivated by time-saving and money-saving considerations” Dan Ferguson, CMO, Adore Beauty Group Ltd
“Australia is very strong in sourcing ethical quality ingredients. In other categories, you see the success in cosmetics of lets say Aesop or Jurlique – so why not in food?” Jerome Chouchan, CEO, Godiva Chocolatier
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