Brief: Nufarm Expects H1 Underlying EBITDA Of A$320 Mln- A$340 Mln

Nufarm

26/04/2022 01:23

April 26 (Reuters) - Nufarm Ltd  NUF.AX :
    * UKRAINE & RUSSIA BUSINESS AND 1H22 EARNINGS UPDATE
    * EXPECTS TO RAISE A PROVISION IN RANGE OF A$30 MILLION TO
A$40
MILLION, PRE-TAX
    * EXPECTS TO REPORT UNDERLYING EBITDA OF BETWEEN A$320 -
A$340
MILLION FOR 1H 2022
    * ANTICIPATES THAT UNDERLYING EBITDA IN FY22 IS LIKELY TO BE
MORE
SKEWED TO FIRST HALF
    * THERE CONTINUES TO BE UNCERTAINTY AND VOLATILITY IN
RELATION TO
ACTIVE INGREDIENT PRICING, GLOBAL SUPPLY CHAIN AND LOGISTICS
CHALLENGES
    * UNCERTAINTY HAS CONTRIBUTED TO AN INCREASE IN FORWARD
SALES IN
FIRST HALF
    * HAS "NASCENT" OPERATIONS IN BOTH UKRAINE AND RUSSIA
    * FY21 CONTRIBUTION TO UNDERLYING EBITDA FROM RUSSIA,
UKRAINE
COMBINED WAS NOT MATERIAL
    * MAXIMUM EXPOSURE OF INVENTORY, RECEIVABLES HELD IN RUSSIA,
UKRAINE LESS THAN 2% OF GROUP TOTAL

Source text for Eikon:  ID:nASXc9cWPN 
Further company coverage:  NUF.AX 

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