Brief: Winpak Reports 2023 Third Quarter Results

Winpak

26/10/2023 18:13

Oct 26 (Reuters) - Winpak Ltd  WPK.TO :
    * WINPAK REPORTS 2023 THIRD QUARTER RESULTS
    * WINPAK LTD - CAPITAL EXPENDITURES FOR 2023 ARE FORECAST TO
BE IN
RANGE OF $65 TO $70 MILLION
    * WINPAK LTD - CURRENT MARKET EXPECTATIONS ARE FOR RAW
MATERIAL
COSTS TO BE STABLE IN Q4 OF 2023 AND THEN ADVANCE MODERATELY
THROUGHOUT 2024
    * WINPAK LTD - GROSS PROFIT MARGINS IN Q4 OF 2023 SHOULD BE
SLIGHTLY HIGHER THAN IMMEDIATELY PRECEDING QUARTER
    * WINPAK LTD: PROJECTING SALES VOLUME GROWTH IN RANGE OF 0
TO 2
PERCENT FOR FINAL QUARTER OF 2023
    * WINPAK- RAW MATERIAL COSTS REDUCTION OVER PAST SIX MONTHS
TO
BENEFIT MARGINS IN NEXT TWO QTRS UNTIL FULLY PASSED THROUGH TO
CUSTOMER SELLING PRICES
    * WINPAK LTD - CAUTIOUSLY OPTIMISTIC ABOUT OUTLOOK FOR
BALANCE OF
2023 AND UPCOMING YEAR
    * WINPAK LTD - EFFECT OF DEVELOPING CRISIS IN MIDDLE EAST,
ESPECIALLY WITH RESPECT TO OIL PRICES, IS UNCLEAR AT PRESENT
TIME
    * WINPAK LTD: EXPECTED THAT WEAKENED CONSUMER DEMAND WILL
CONTINUE
TO BE IMPACTFUL IN UPCOMING QUARTER AND AT LEAST FIRST HALF OF
2024

Source text for Eikon:  ID:nCNWV3lR0a 
Further company coverage:  WPK.TO 

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