Brief: Comvita Sees H1 EBITDA (Excluding ERP System) NZ$9.5M, Down 32%

Comvita

01/02/2024 01:03

Feb 1 (Reuters) - Comvita Ltd  CVT.NZ :
    * H1 FY24 EBITDA (EXCLUDING ERP SYSTEM) IS EXPECTED TO BE
NZ$9.5M,
DOWN 32% VERSUS PCP
    * H1 FY24 REVENUE WAS NZ$103 MILLION, DOWN 8.1% VERSUS PCP
    * FY24 REPORTED EBITDA (AFTER ERP INVESTMENT) IS NOW
EXPECTED TO
BE NZ$30M TO NZ$35M
    * SEES FY24 REVENUE NZ$225M TO NZ$235M
    * PLAN FOR FY25 EBITDA OF NZ$50M REMAINS FEASIBLE
    * EXPECTS A STEADY IMPROVEMENT IN CONSUMPTION THROUGH SECOND
HALF

Source text for Eikon:  ID:n425571-2 
Further company coverage:  CVT.NZ 

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