Brief: United Malt Group Sees Underlying EBITDA For Fy23 To Be In Range Of A$140 -A$160 Million

United Malt

01/08/2022 02:14

Aug 1 (Reuters) - United Malt Group Ltd  UMG.AX :
    * UNDERLYING EBITDA FOR FY23 EXPECTED TO BE IN RANGE OF
A$140
-A$160 MILLION
    * UNDERLYING EBITDA (BEFORE SAAS COSTS) FOR FY22 EXPECTED TO
BE IN
RANGE OF A$100 MILLION-A$108 MILLION
    * IN DISCUSSIONS WITH ITS BANKS ON OPTIONS TO MANAGE
TEMPORARY
INCREASE IN BARLEY INVENTORIES & SHORT-TERM DECLINE IN EBITDA
    * BELIEVES IT WILL NOT NEED TO RAISE ADDITIONAL CAPITAL AND
WILL
BE WITHIN ITS TARGET NET DEBT/EBITDA RANGE AT 30 SEPT 2023
    * BASED ON FY23 VIEW, SEES IT WILL NOT NEED TO RAISE
ADDITIONAL
CAPITAL, WILL BE WITHIN TARGET NET DEBT/EBITDA RANGE AT 30 SEPT
2023.

Source text for Eikon:  urn:newsml:reuters.com:*:nASX67242h
Further company coverage:  UMG.AX 

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