Hills NZ struggles as COVID-19 slashes sales
Distributor Hills NZ reported lower sales and a much increased loss after a promising start to its 2020 financial year.
Distributor Hills NZ reported lower sales and a much increased loss after a promising start to its 2020 financial year.
Genetec has made the move to work directly with its systems integrators and channel partners in Australia and New Zealand as part of its new go-to-market strategy in the local market.
The pandemic-prompted reorganisation of Hills’ distribution business in June saw roughly 39 people leave the company, according to CEO and managing director David Lenz.
Hills has joined a growing legion of companies asking staff to take pay cuts during the ongoing coronavirus pandemic, with the company’s ranks agreeing to cuts between 10 and 35 per cent.
Tech distributor Hills has experienced solid profit growth of more than 200 per cent from $242,000 to $2.6 million for the first half of the financial year 2020, ending December 31.