Brief: Comvita Still Expects FY EBITDA Of NZ$27 Mln-NZ$30 Mln

Comvita

11/05/2022 22:14

May 12 (Reuters) - Comvita Ltd  CVT.NZ :
    * STILL FORECASTING TO DELIVER IN LINE WITH ITS GUIDANCE OF
EBITDA
NZ$27-NZ$30M FOR FY
    * IN 10 MONTHS TO END OF APRIL COMVITA REPORTED AN UNAUDITED
EBITDA OF NZ$23.9M
    * FORECASTED THAT ANY IMPACTS OF CONTINUED SUPPLY CHAIN
DISRUPTION
DUE TO MAINLAND CHINA LOCKDOWNS WILL BE MANAGEABLE
    * DEMAND IN HK SAR UNIT IS STRONG AND UNDERLYING DEMAND HAS
RETURNED TO PRE-COVID LEVELS
    * INFLATIONARY PRESSURES ARE MODEST AND ARE NOT IMPACTING
CURRENT
PERFORMANCE ADDITIONALLY
    * IS WELL PLACED TO PASS ON ANY PRICE INCREASES AS AND WHEN
THEY
OCCUR
    * GROUP INVENTORY HAS BEEN INCREASED IN ORDER TO MAINTAIN
SERVICE
LEVELS TO MARKETS

Further company coverage:  CVT.NZ 

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