Brief: Move Logistics Sees FY23 Underlying EBITDA From Cont Ops To Improve

Move Logistics

19/10/2022 20:47

Oct 20 (Reuters) - Move Logistics Group Ltd  MOV.NZ :
    * SEES 2023 FINANCIAL YEAR UNDERLYING EBITDA FROM CONTINUING
OPERATIONS TO BE AN IMPROVEMENT ON LAST YEAR
    * STILL FACING HEADWINDS FROM COST INFLATION AND SUPPLY
CHAIN
DISRUPTIONS
    * TRANS-TASMAN SHIPPING SERVICE IS EXPECTED TO COMMENCE IN
LATE
2022
    * SALES IN FREIGHT DIVISION WERE SOFTER IN Q1, DUE IN PART
TO
INFLATIONARY PRESSURES AND WET WEATHER
    * CONTINUES TO EXPLORE DIVESTMENT OF SPECIALIST BUSINESS
    * NEW TRANSPORT MANAGEMENT SYSTEM WILL BE PILOTED THIS YEAR,
WITH
A FULL ROLLOUT IN 2023

Further company coverage:  MOV.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))