Brief: Reliance Worldwide Seeks To Reduce Inventory Levels In Second Half Of FY23

Reliance Worldwide

20/02/2023 01:35

Feb 20 (Reuters) - Reliance Worldwide Corporation Ltd
 RWC.AX :
    * RWC IS SEEKING TO REDUCE  INVENTORY LEVELS IN THE SECOND
HALF OF
FY23
    * TARGETING FURTHER CASH FLOW GROWTH IN SECOND HALF
    * EASING OF SOME INPUT COSTS SINCE THEIR PEAK IN MID-2022
EXPECTED
TO HELP IMPROVE OPERATING MARGINS IN H2 FY23
    * EXPECT FURTHER IMPROVEMENT IN OPERATING MARGINS FOR SECOND
HALF
OF FY23
    * UNDERTAKEN  REVIEW OF COST BASE WHICH HAS IDENTIFIED
APPROXIMATELY US$15 MILLION IN ANNUALISED COST SAVINGS
    * EXPECT FURTHER IMPROVEMENT IN 2H FY23 AS LOWER INPUT
PRICES OF
PAST SIX MONTHS FLOW THROUGH TO PRODUCT SALES

Source text for Eikon:  ID:nASX1kHYs 
Further company coverage:  RWC.AX