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Australia's biggest flower company eyes ASX

Simon Evans

Australia's biggest flower company could be headed to the ASX in early 2021, as rising sales through major supermarket chains Woolworths and Coles offset a difficult few months when large events and functions were hit hard by COVID-19.

Lynch Group, which employs about 400 permanent staff in Australia and 800 in China, operates seven flower farms across the two countries in a business that generates about $50 million in earnings before interest, tax, depreciation and amortisation.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/agriculture/australia-s-biggest-flower-company-eyes-asx-20201207-p56lcd