Australia's Inghams reaffirms full-year guidance, shares up

Inghams

06/05/2025 06:17

** Shares of Inghams Group ING.AX rise 3.3% to A$3.605, their highest level since August 22, 2024

** Poultry producer reaffirms FY outlook, despite a ~2% decline in nine-month core poultry volumes from last year

** Firm expects underlying EBITDA for FY25 to be between A$236 million and A$250 million

** CEO highlights strong performance of the New Zealand business, driven by favourable market conditions, mix improvements, and the reopening of export markets

** Stock up 13.5% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))