Loscam ANZ: 7 million pallets, $90m annual earnings

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 90%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Up-for-sale pallet pooling business Loscam ANZ is making $90m a year at about a 50 per cent margin, making it one of the most profitable businesses of its kind globally.

Up-for-sale pallet pooling business Loscam ANZ is making $90 million earnings a year at about a 50 per cent margin, making it one of the most profitable businesses of its kind globally.

The flyer, dressed in red and yellow, said Loscam ANZ had a 7 million-plus pallet pool, recorded $170 million revenue and $90 million EBITDA in the 2021 calendar year and 90 per cent free cash flow conversion. In a clear sign Goldman Sachs and UBS were trying to draw in a newcomer to the sector, the bankers spent ample time explaining pallet pooling “a share-and-reuse model” where Loscam rents pallets and other storage products to customers.The going rate on a pallet is about 5¢ a day, the flyer said, while the pallet pooling was used across 90 per cent of the industry.

The other points included sustainability , its long-tenured management team, financial profile and potential growth levers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cmon private equity ... you know you want to buy it, saddle it with debt, return capital to yourself and then spin it off in a float for some dumb retail punter to buy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines