Brief: Reliance Worldwide Sees Rev Down By Low To Mid-Single Digit Percentage Points FY

Reliance Worldwide

26/10/2023 02:13

Oct 26 (Reuters) - Reliance Worldwide Corporation Ltd
 RWC.AX :
    * AT CONSOLIDATED LEVEL, CONTINUE TO ANTICIPATE REVENUES
DOWN BY
LOW TO MID-SINGLE  DIGIT PERCENTAGE POINTS IN FY24
    * IN AMERICAS, CONTINUE TO EXPECT SALES TO BE DOWN ON PCP BY
LOW
SINGLE DIGIT PERCENTAGE POINTS IN FY24
    * EXPECT APAC EXTERNAL SALES IN LOCAL CURRENCY TO BE DOWN BY
LOW-SINGLE DIGIT PERCENTAGE POINTS OVERALL IN FY24
    * CONTINUE TO TARGET STABLE OPERATING MARGINS FOR FULL YEAR
COMPARED WITH FY23
    * EXPECT FY24 FIRST HALF OPERATING MARGINS WILL BE LOWER
THAN PCP
    * FIRST HALF MARGINS ARE ALSO LIKELY TO  BE IMPACTED BY
LOWER
SALES AMONG OTHERS
    * EMEA EXTERNAL SALES IN LOCAL CURRENCY EXPECTED TO BE DOWN
BY
HIGH-SINGLE DIGIT PERCENTAGE POINTS IN FY24 VERSUS PCP
    * DEMAND HAS SLOWED FURTHER INTO FY24 IN UK
    * ON TRACK TO MEET OPERATING CASH FLOW CONVERSION TARGET OF
BETTER
THAN 90% FOR FULL  YEAR

Source text for Eikon:  ID:nASX8d8GNB 
Further company coverage:  RWC.AX