Brief: Comvita Says Revenue For First Four Months Is Down 10%

Comvita

26/11/2023 19:35

Nov 27 (Reuters) - Comvita Ltd  CVT.NZ :
    * REVENUE FOR FIRST FOUR MONTHS OF FINANCIAL YEAR 10% DOWN
    * FORECASTING THAT ITS HALF YEAR REVENUE WILL BE ADVERSE TO
PCP BY
UP TO 5%
    * REPORTED EBITDA AFTER ERP INVESTMENT FOR INTERIM RESULT
EXPECTED
TO BE DOWN 20% VERSUS PCP
    * RETAINS FY25 FORECAST AND GUIDANCE
    * RETAIN OUR FY25 FORECAST AND GUIDANCE
    * SEES DEMAND IN ITS MAIN CHINA MARKET RECOVERING
    * NET DEBT, AT 31 DECEMBER, IS FORECAST TO BE BETWEEN NZ$80M
AND
NZ$85M
    * SEES FULL YEAR ENDING 30 JUNE 2024 REVENUE BETWEEN NZ$245M
AND
NZ$255M
    * SEES  FULL YEAR REPORTED EBITDA AFTER ERP INVESTMENT TO BE
BETWEEN NZ$33M AND NZ$38M

Further company coverage:  CVT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))