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    Brief: United Malt Group Outlines Strategy For Resilient Global Malt Business

    Picture of United Malt logoUnited Malt
    03/08/2022 02:26
    Aug 3 (Reuters) - United Malt Group Ltd  UMG.AX :
    * OUTLINES STRATEGY FOR RESILIENT GLOBAL MALT BUSINESS
    * PLANS TO DELIVER A SIGNIFICANT UPLIFT IN PERFORMANCE
COMMENCING
IN 2023 FINANCIAL YEAR
    * FORWARD YEARS CAPEX EXPECTED TO BE IN RANGE OF A$55-60
MILLION
    * SEES  DELIVERING AN EXPECTED EARNINGS UPLIFT IN FY23 WITH
UNDERLYING EBITDA OF A$140- 160 MILLION
    * FOCUS ON CAPITAL, COST AND CASH DISCIPLINE TO DELIVER
MEANINGFUL
EARNINGS UPLIFT OVER MEDIUM TERM
    * STRATEGIC RESET OF COMMERCIAL TERMS AND STREAMLINING
UNITED
MALT'S LEGACY GEOGRAPHIC OPERATING STRUCTURE

Source text for Eikon:  ID:nASX3NgVDd 
Further company coverage:  UMG.AX 

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

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