Brief: Quickstep Holdings Says COVID-19 Challenges Ongoing But Expected To Improve Over Coming Weeks

Quickstep Holdings

22/04/2022 02:18

April 22 (Reuters) - Quickstep Holdings Ltd  QHL.AX :
    * OPERATIONAL UPDATE-QHL.AX
    * COVID-19 RELATED CHALLENGES ARE ONGOING BUT ARE EXPECTED
TO
IMPROVE OVER COMING WEEKS
    * DURING MARCH 2022 BANKSTOWN FLOODING RESULTED IN A SITE
CLOSURE
FOR 2 DAYS
    * FY2022 REVENUE WILL BE HIGHER THAN FY2021
    * SEES FY2022 POSITIVE UNDERLYING PBT, ALBEIT LOWER THAN
UNDERLYING FY2021 PBT
    * BANKSTOWN FLOODING HAD DIRECT IMPEDIMENT TO PRODUCTION
SCHEDULES
    * FY2022 GUIDANCE OF POSITIVE CASH FLOW PERFORMANCE
MAINTAINED
    * SEES DEMAND RECOVERY IN COMMERCIAL AEROSPACE DURING CY22
    * H2 FY2022 HAS REPRESENTED MOST CHALLENGING PERIOD OF
PANDEMIC TO
OUR OPERATIONS

Source text for Eikon:  ID:nASX31N6Yy 
Further company coverage:  QHL.AX 

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