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Friday, March 29, 2024

Villar Group’s All Home set to roll out six new outlets

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All Home Corp., the home improvement retail chain owned by the Villar Group that is set to conduct an initial public offering this year, will launch its fourth retail format focusing on the needs of contractors and builders.

All Home, according to the IPO prospectus filed with the Securities and Exchange Commission, plans to introduce and roll out six AllBuilders stores in the second half of the year.

The retail format will enable All Home to capitalise on the the strong growth in the construction and housing market by offering a more extensive selection of hardware, tiles and sanitary wares, and construction materials.

“AllBuilders stores will primarily be located outside of Mega Manila, where we believe there is significant growth in construction activities and therefore demand for one-stop shop solution for a full range of construction related products in the coming years,” All Home said.

“We believe that contractors and builders’ bulk orders and higher transaction values will support our company’s growth,” it added.

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All Home plans to spend between P42 million and P72 million to establish one AllBuilders store, which has  net selling space of over 4,000 square meters.

All Home currently have three formats. The first is the large mall-based store, ranging from 2,902 sq. m. to 12,267 sq. m in net selling space with an average net selling space of over 9,000 sq. m. The second is the large free-standing store, ranging from 4,903 sq. m. to 9,369 sq. m. in net selling space with an average net selling space of over 7,500 sq. m.

The third is a small specialty store, ranging from 171 sq. m. to 696 sq. m in net selling space with an average net selling space of over 380 sq. m.

All Home last week filed an application with the SEC to raise as much as P20.7 billion through the IPO scheduled in September.

The company will offer up to 1.12 billion of primary and secondary shares with an over allotment of up to 168.750 million shares at an price of up to P16 per share.

All Home in the past three years registered a compounded annual growth rate in revenues of 44.8 percent to P7.19 billion in 2018 from P3.43 billion in 2016. 

Net profit increased at a CAGR of 231.3 percent to P511.4 million in 2018 from ₱46.6 million in 2016. 

The company during the period significantly improved its net income margins from 1.4 percent in 2016 to 7.1 percent in 2018. Jenniffer B. Austria

 

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