ZSE Listed Companies Profiles: Axia Corporation Limited

Updated Thursday 15 October

Share Price: ZWL cents 399.81 (ZWL$3.9981) | Market Cap ZWL$ 2,178,542,197

Included also 1 Year Share Price Chart and Trading Update

Description

Unbundled from Innscor Africa in 2016 and officially listed on the ZSE that same year, Axia Corporation Limited is a retail enterprise that sells specialty homeware furniture and electrical appliances through 38 nationwide retail outlets; and retails automotive spares across multiple channels with a footprint that stretches to Zambia and Malawi. The company’s core expertise lies in providing a reputable service for inbound clearing and bonded warehousing; ambient and chilled/frozen warehousing services; logistics, marketing, sales and merchandising services. Axia has three business units which include TV Sales & Home (TVSH), a leading furniture and electronic appliance retailer; Transerv, retailing automotive spares, and Distribution Group Africa (DGA), an established distribution and logistics company.

Axia Corporation Limited is listed on the Zimbabwe Stock Exchange

VISION

• To create value through the provision of high quality consumer and durable goods in Zimbabwe and the Region.

MISSION STATEMENT

• To sustainably and profitably distribute, market, merchandise and retail leading consumer and durable goods, thereby growing stakeholder value; and
• To enable easier access to high quality consumer and durable goods at reasonable prices to our customers.

Company Overview

Axia Corporation Limited (“Axia”) was incorporated on 24 February 2016, and on 1 April 2016 acquired, through a scheme of reconstruction, the net assets of Innscor Africa Limited’s Specialty Retail and Distribution business, in exchange for 541 593 440 shares in Axia. A new head office structure for Axia was established with effect from 1 April 2016 to monitor and support the operations of Axia’s subsidiary companies. Axia listed on the Zimbabwe Stock Exchange on 17 May 2016. Following its unbundling from Innscor Africa Limited, Axia adopted 30 June as its financial year end. Axia Corporation Limited operates within the specialty retail and distribution sector. It has three operating business units, namely TV Sales & Home (“TVSH”), Transerv and Distribution Group Africa (“DGA”). TVSH is a leading furniture and electronic appliance retailer with sites located countrywide.

Transerv retails automotive spares, by utilizing multiple channels to service the needs of its customers countrywide. The business operates a network of its own homegrown, branded Transerv retail branches, franchised Midas retail branches and numerous fitment centers. DGA is a large and successful distribution and logistics concern, with operations in Zimbabwe, Zambia and Malawi. Its core areas of expertise lie in inbound clearing and bonded warehousing, ambient and chilled/frozen warehousing, logistics, marketing, sales and merchandising services.

Markets Overview

Axia exists to serve a wide range of consumers whose needs are constantly evolving. This understanding stimulates innovation which drives it to develop new products and services. Its extensive knowledge of the African business environment particularly Zambia, Malawi and Zimbabwe helps them meet their customers and beneficiaries at their point of need.

Supply Chain

Axia depends on a network of customers and suppliers in delivering their products and services to the final consumers. These include manufacturers, distributors, vendors and merchandisers who are essential in ensuring their capacity to meet the needs of its customers. Building relations with supply chain partners is vital to delivering quality products and services, as such they are always looking for ways and feedback to strengthen these relations.

Consumers increasingly want to understand where they source the products they offer them. Axia aim to meet its consumers’ needs while ensuring that its operations are anchored on ethical and sustainable pillars.

SPECIALITY RETAIL

• TV SALES & HOME
  • TV Sales & Home
• TRANSERV (Joint venture company)
  • Transerv
  • Midas
  • Transerv Fitment Centre
  • Auto Cycle Centre
  • Zimbabwe Spares Wholesalers (ZSW)
  • Clutch and Brake Specialists (CBS)
  • ADCO
• DISTRIBUTION
  • DISTRIBUTION GROUP AFRICA ZIMBABWE
  • Innscor Distribution
  • Comox Trading
  • Eagle Agencies
  • Snack Sales and Distribution
  • Freshpro
  • Vital Logistics
  • Baobab Africa
  • Hat On Investments
• DISTRIBUTION ZAMBIA
  • Innscor Distribution
  • Comox Trading
  • Mukwa Distribution
• DISTRIBUTION MALAWI
  • Innscor Distribution
  • Comox Trading