Brief: Worley Announces Impact Of Middle East Conflict And Foreign Currency Translation Effect On FY26
Yesterday 02:23
BRIEF-Worley Announces Impact Of Middle East Conflict And Foreign Currency Translation Effect On FY26 June 25 (Reuters) - Worley Ltd WOR.AX:
IMPACT OF MIDDLE EAST CONFLICT AND FOREIGN CURRENCY TRANSLATION EFFECT ON FY26
NOW ESTIMATES IMPACT TO FY26 UNDERLYING EBITA TO BE UP TO A$60 MILLION
MIDDLE EAST CONFLICT IMPACT CONTINUES TO CAUSE DISRUPTION TO PROGRESS OF EXISTING PROJECTS.
WHILE THERE HAVE BEEN NO PROJECT CANCELLATIONS, CUSTOMERS CONTINUE TO DELAY COMMENCEMENT AWARD OF NEW PROJECTS
AUD TRANSLATION IMPACT IS ESTIMATED TO BE A$50 MILLION ON FY26 REPORTED UNDERLYING EBITA
STRENGTHENING OF AUD IN H2FY26 ON CONVERSION OF FX EARNINGS INTO AUD WILL HAVE IMPACT ON FY26 REPORTED RESULTS
Further company coverage: WOR.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Worley
See all newsWorley shares fall; Jefferies, Citi cut PT as Middle East uncertainty continues to weigh
Jefferies, Citi cut PT for Worley as Middle East uncertainty continues to weigh
Australia's Worley flags bigger earnings hit from Iran war, warns on currency drag
Brief: Worley To Appeal Full Federal Court Class Action Judgment
Brief: Worley Announces Impact Of Middle East Conflict And Foreign Currency Translation Effect On FY26