Brief: Reliance Worldwide Says H2 Demand Outlook For Key Markets Remains Positive

Reliance Worldwide

20/02/2022 22:41

Feb 21 (Reuters) - Reliance Worldwide Corporation Ltd
 RWC.AX :
    * OUTLOOK FOR KEY MARKETS IN SECOND HALF OF FY22 REMAINS
POSITIVE
FROM A DEMAND PERSPECTIVE
    * SEES ADVERSE SUPPLY CHAIN IMPACTS ARE LIKELY TO REMAIN
HEADWINDS
FOR MUCH OF FY2022
    * CAPITAL EXPENDITURE FOR THE YEAR IS EXPECTED TO BE ABOUT
$60
MILLION TO $70 MILLION
    * COST REDUCTION INITIATIVES ARE EXPECTED TO DELIVER $8
MILLION IN
SAVINGS FOR FY22
    * ADJUSTED EBITDA MARGIN IN Q4 (EXCLUDING EZ-FLO) WILL BE
COMPARABLE WITH THAT ACHIEVED IN FY21
    * PRICE INCREASES THAT WILL TAKE EFFECT FROM Q3 EXPECTED TO
OFFSET
INPUT AND OTHER COST INCREASES RECORDED TO DATE

Source text for Eikon:  ID:nASX5KYpf3 
Further company coverage:  RWC.AX 

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