Brief: Kathmandu Holdings Says Trading Expected To Improve With Growth Opportunity In H2 FY22

KMD Brands

08/11/2021 20:35

Nov 9 (Reuters) - Kathmandu Holdings Ltd  KMD.NZ :
    * COVID LOCKDOWNS HAVE SIGNIFICANTLY IMPACTED Q1 RESULTS
    * NET COVID IMPACT IS EXPECTED TO RESULT IN Q1 OPERATING
PROFIT
BEING C. NZ$35 MILLION BELOW LAST YEAR
    * DUE TO UNCERTAIN COVID TRADING ENVIRONMENT GROUP WILL NOT
PROVIDE FORWARD GUIDANCE
    * AS MARKETS REOPEN, TRADING IS EXPECTED TO IMPROVE WITH
GROWTH
OPPORTUNITY IN SECOND HALF OF FY22
    * RECENTLY GROUP HAS SEEN POSITIVE MOMENTUM IN SHORT PERIOD
FOLLOWING REOPENING OF NSW AND VICTORIA MARKETS
    * SEES FREIGHT, LOGISTICS AND RAW MATERIAL COSTS REMAIN
ELEVATED
AS OUTLOOK FOR SUPPLY CHAIN REMAINS CHALLENGING
    * OBOZ PRODUCT DELIVERIES WILL BE IMPACTED FOR Q2
    * ACTIVELY MANAGING ONGOING SUPPLY CHAIN DISRUPTION GLOBALLY

Further company coverage:  KMD.NZ 

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