Back to top
about
Announcements
21 May, 2020

Market update

At our half year results announcement in February, we stated that we were confident that we would retain our momentum for the full year (to 30th June 2020) with increased EBITDA and Net Profit.

When New Zealand moved into Level 4 lockdown we said that this was uncertain given the impacts of Covid-19 on our ability to manufacture and deliver our systems. We can now update shareholders with the following:

  1. In the past month we have secured over $10m of new orders across H&C Automated Solutions, Milmeq and Mercer Stainless. These orders were across the NZ, Australian and US markets.
  2. All of our sites are back operating under level 2.
  3. We have a team back in USA completing the installation of a Milmeq cheese cooling tunnel. We expect another team to be travelling to the USA in June/July to complete the installation of H&C Automated Solutions systems. These employees and contractors have all of the required insurances and other health protections to travel.

We are seeing the benefit of the diversification of the Mercer Group, coupled with the fact that we design and supply essential infrastructure and automated solutions to the food sector. We are therefore confident that the financial year ending 30 June 2020 will see a continuation of the momentum of the first half, and that we will report increased EBITDA and Net Profit at the Mercer Group level. This is largely driven by our automation business, with Milmeq in particular having a good year based on a full order book. Mercer Stainless continues to operate in a very competitive environment in New Zealand.

Our pipeline for new orders remains adequate. Clearly there are significant risks with the global economy, but we are working closely with our customers to ensure that we can continue to design and supply them systems that de-risk their business while also being economic for both them and us. Whilst being a supplier to the food industry is positive and the case for automation in food processing is increasingly attractive, we still rely on capital investment decisions to be made. As of today, we have not seen any potential projects cancelled, but we do stay alert to the changing economic environment.

Back to News & Investors

15 November 2023

Cheese Expo

08 November 2023

Annual Meeting Presentation and Results

03 November 2023

Bettcher Industries acquisition of MHM Automation

03 November 2023

SPH Notices in Relation to the SIA Announcement

03 November 2023

MHM Automation Enters Into Scheme Implementation Agreement

11 October 2023

Notice of Annual Meeting and Proxy Form

03 October 2023

Revolutionising product handling for Midfield Group

15 September 2023

Annual Report to 30 June 2023

11 September 2023

SPH Notice - Ritchie, M Markovina & E Markovina as Trustees

08 September 2023

Annual Meeting and Closing Date for Director Nominations

01 September 2023

Change in Substantial Holding

30 August 2023

FY23 Preliminary Results (unaudited)

27 July 2023

Limited Trading Update

27 July 2023

Limited Trading Update

03 July 2023

IPPE

08 June 2023

Ongoing Disclosure - Directors Relevant Interest

23 May 2023

Two H&C Universal Robotic Box Cutters ready for shipment

08 May 2023

Director Resignation

02 May 2023

MHM Automation acquires Wyma for estimated $60m

01 May 2023

Settlement of Wyma Acquisition

01 May 2023

Substantial Product Holder Disclosure

21 April 2023

Special Meeting Presentation & Results

17 April 2023

Substantial Product Holder Disclosure

14 April 2023

Ongoing Disclosure - Directors Relevant Interest

06 April 2023

Ongoing Disclosure - Directors Relevant Interest

03 April 2023

Notice of Special Meeting to Approve Wyma Acquisition

03 April 2023

SPH Notice - Movement of Substantial Holding

30 March 2023

Update on Wyma Acquistion

30 March 2023

Ongoing Disclosure - Directors Relevant Interest

24 March 2023

Dividend Payment

15 March 2023

Plate freezer installation for V&V Walsh

10 March 2023

Update on Wyma Acquisition

08 March 2023

Substantial Product Holder Disclosure

02 March 2023

Updated Results form to correct NTA

28 February 2023

Interim Report: 6 months to 31 December 2022

28 February 2023

MHM continues growth trend and plans for Wyma acquisition

14 February 2023

A message from us regarding Cyclone Gabrielle

10 February 2023

100,000 litre stainless steel wine tanks in production

09 February 2023

2023 is shaping up to be a big year!

27 January 2023

MHM AUTOMATION AT IPPE 2023

23 January 2023

Ongoing Disclosure - Directors Relevant Interest

18 January 2023

MHM Automation unveils new materials handling technologies

18 January 2023

Ongoing Disclosure Notice - Directors Relevant Interest

21 December 2022

MHM Automation Limited announces conditional agreement to acquire Wyma Engineering Limited

05 December 2022

Movember 2022 a success

03 November 2022

MHM Automation at Pack Expo 2022

28 October 2022

Robots enabling NZ international business award winner

27 October 2022

Annual meeting results and presentation

27 October 2022

MHM has strong start to financial year

04 October 2022

First grain stacker for the 2022 season

25 August 2022

Another record year for MHM Automation

25 August 2022

Annual Report to 30 June 2022

15 July 2022

Market update

08 June 2022

Partnership delivers 200th Milmeq plate freezer installation

17 February 2022

Interim Report: 6 months to 31 December 2021

08 September 2021

MHM Automation announces Special Dividend

08 September 2021

MHM Automation announces special dividend after record year

27 August 2021

Automation demand and diversification yield growth

26 August 2021

Annual Report to 30 June 2021

14 June 2021

Robots aiding expansion of innovative apple company

20 May 2021

Trading update - EBITDA forecast

26 March 2021

Trading update - new contracts secured

19 February 2021

Interim Report: 6 months to 31 December 2020

15 January 2021

Settlement of New Plymouth building sale

14 January 2021

Settlement of the acquisition of Southern Cross Engineering Limited (SCE)

16 December 2020

MHM Automation acquires Southern Cross Engineering

01 October 2020

Retail Investor Forum Presentation

21 September 2020

Notice of Annual Meeting and Proxy Form

01 September 2020

Annual meeting and closing date for Director nominations

26 August 2020

Disclosure of Directors and Senior Managers Relevant Interests

25 August 2020

One company, one team, one goal: a new chapter for Mercer Group

25 August 2020

Annual Report to 30 June 2020

04 May 2020

Director appointment

09 April 2020

Completion of sale of substantial holding of shares

24 March 2020

Mercer Group Limited (MGL) update re: COVID-19

05 March 2020

Sale of a substantial holding of shares

20 February 2020

Interim Report: 6 months to 31 December 2019

20 February 2020

Mercer Group Limited (MGL) delivers on its strategy of automation led growth

24 October 2019

2019 Annual General Meeting Presentation and Results

24 October 2019

Appointment of new Chair

12 October 2019

Final purchase price for the acquisition of Milmeq

23 August 2019

Annual Report to 30 June 2019

23 August 2019

Notice of Annual Meeting

26 February 2019

Interim Report: 6 months to 31 December 2018

07 December 2018

Acquisition of Milmeq’s Chilling and Freezing business

30 November 2018

2018 Annual General Meeting Presentation and Results

08 October 2018

Notice of Annual Meeting and Closing Date for Director Nominations

29 August 2018

2018 Audited Financial Results

29 August 2018

Annual Report to 30 June 2018