Globe International saw sales for the fiscal year increase 10% over last year, but income dropped nearly 95%. This decrease, however, was not unexpected as Globe management pointed to an increased ad spend with eyes focused on the long term and not on quarterly, or even annual, growth. Sales revenues for the year were AU$202.5 million ($152.6 mm), up 9.9% from AU$184.2 million ($131.5 mm) last year. EBITDA for the year was AU$10.9 million ($8.2 mm), a 44.9% decrease from AU$19.8 million ($14.1 mm) last year. Net profit was AU$0.4 million ($0.3 mm), down 94.8% from last year’s AU$7.1 million ($5.1 mm).

Australasian sales were AU$110.8 million ($83.5 mm), an 8.0% improvement over the previous year’s AU$102.6 million ($73.2 mm). Globe pointed to innovations in marketing and product placement as cause for the growth in the region.

North American sales, including Dwindle, were AU$70 million ($52.7 mm), up 13.1% from AU$61.9 million ($44.2 mm). Dwindle brands showed a resurgence in North America with sales in local currency improving by 15.5% over last year. The Globe brand performed strongly with sales up 23.4% in local currency.

European sales were AU$21.7 million ($16.4 mm), up 10.2% over AU$19.7 million ($14.1 mm). Globe places itself within an investment phase in this market, which the company feels “holds considerable potential.”