Report
Daniel Ragonese
EUR 850.00 For Business Accounts Only

Morningstar | Earnings growth will be driven by acquisitions, operational improvement, and efficiency gains.

GUD Holdings designs and sources a wide range of products under the Davey Water Products, Ryco, Wesfil, Goss, Narva, and Project brands. The success of the company's offshore sourcing strategy, combined with inventive and successful product design and disciplined working-capital focus, saw rapid growth in return on capital, profit, and dividends. Acquisitions and efficiency gains are key drivers of growth. However, reliance on imports from less-developed nations increases the risks to product quality and delivery reliability, and exposes the company to currency movements.
Underlying
G.U.D. Holdings Ltd.

GUD Holdings is engaged in the manufacture and importation, distribution and sale of cleaning products, household appliances, warehouse racking, industrial storage solutions, office storage products, automotive products, locking devices, pumps, pool and spa systems, and water pressure systems, with operations in Australia, New Zealand, France, Spain, China, Malaysia and Hong Kong. Co.'s reportable segments are Oates, Automotive (Ryco, Wesfil, Goss), Davey, Dexion, and Lock Focus.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

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