Brief: United Malt Group Says Expects Underlying EBITDA For 1H22 To Be About A$57 Mln

United Malt

26/04/2022 02:54

April 26 (Reuters) - United Malt Group Ltd  UMG.AX :
    * FY22 TRADING UPDATE AND EARNINGS GUIDANCE-UMG.AX
    * EXPECTS UNDERLYING EBITDA (BEFORE SAAS COSTS) FOR 1H22 TO
BE
ABOUT A$57 MILLION
    * FY22 UNDERLYING EBITDA (BEFORE SAAS COSTS) IS EXPECTED TO
BE
ABOUT A$115 -140 MILLION
    * SALES VOLUMES IN PROCESSING SEGMENT FOR FY22 EXPECTED TO
EXCEED
FY21 LEVELS AND APPROACH PRE-COVID LEVELS
    * EXPECTS FY22 EBITDA IMPACT OF DELAYED SALES FROM SUPPLY
CHAIN
DISRUPTION TO BE ABOUT A$8 MILLION
    * ALSO INCURRING HIGHER INPUT COSTS, INCLUDING ENERGY AND
INBOUND
AND OUTBOUND FREIGHT COSTS
    * RECENT COST ESCALATIONS WILL BE LARGELY PASSED THROUGH TO
CUSTOMERS OVER COURSE OF NEXT 9 MONTHS, REDUCING IMPACT INTO
FY23
    * CONFIRMS THAT CAPITAL EXPENDITURE FOR FY22 IS EXPECTED TO
BE
APPROXIMATELY A$110 MILLION
    * REMAIN CONFIDENT IN OUTLOOK FOR BUSINESS, PARTICULARLY AS
TEMPORARY FACTORS BEGIN TO ROLL OFF
    * CUSTOMER DEMAND RETURNING AS MOST MARKETS REOPEN AND
COVID-19
RESTRICTIONS ARE LIFTED

Source text for Eikon:  ID:nASX8dp6X8 
Further company coverage:  UMG.AX 

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