Brief: Nufarm Says Positive Outlook For Fy23

Nufarm

16/11/2022 01:12

Nov 16 (Reuters) - Nufarm  NUF.AX :
    * POSITIVE OUTLOOK FOR FY23
    * ON TRACK TO MEET OR EXCEED FY26 REVENUE ASPIRATIONS
    * ON TRACK TO MEET OR EXCEED FY26 REVENUE ASPIRATIONS
    * PLANNING FOR MODEST UNDERLYING EBITDA GROWTH IN FY23
    * FY STATUTORY NET PROFIT AFTER TAX OF A$107.4 MILLION, UP
65%
VERSUS PCP
    * DECLARES FINAL DIVIDEND OF 6 AU CENTS PER SHARE UNFRANKED
    * REVENUE GROWTH ASPIRATIONS SUPPORTED BY MACRO TRENDS
INCLUDING
INCREASING DEMAND FOR FOOD FROM A RISING GLOBAL POPULATION
    * FY22 REVENUE OF A$3.8 BILLION, UP 17%
    * REGULATORY HEADWINDS EXPECTED TO IMPACT REVENUE IN FY23
FOR
EUROPE
    * PLANTED AREA EXPANSION EXPECTED IN 2023 IN THE US
    * ADDITIONAL NEW PRODUCT INTRODUCTIONS EXPECTED TO
CONTRIBUTE TO
FY23 FOR APAC

Source text for Eikon:  ID:nASX2VxQkC 
Further company coverage:  NUF.AX 
 ((Reuters.Briefs@thomsonreuters.com;))