Brief: Redbubble Expects Market Conditions To Remain Challenging In Short Term

Articore

15/02/2023 02:44

Feb 15 (Reuters) - Redbubble Ltd  RBL.AX :
    * EXPECT COST-SAVING INITIATIVES WILL REDUCE COST BASE BY
APPROXIMATELY A$20 MILLION TO A$25 MILLION ON AN ANNUALIZED
BASIS 
    * FY23 MPR GUIDANCE REVISED TO BE SLIGHTLY BELOW FY22 MPR
    * REAFFIRMED FY23 GPAPA MARGIN GUIDANCE FOR GPAPA MARGIN TO
BE
HIGHER THAN 1HFY23 BUT BELOW FY22 GPAPA MARGIN
    * EXPECT MARKET CONDITIONS TO REMAIN CHALLENGING IN SHORT
TERM
    * NOW EXPECT GROUP'S FY23 MPR TO BE SLIGHTLY BELOW FY22

Further company coverage:  RBL.AX 
 ((Reuters.Briefs@thomsonreuters.com;))