Nufarms Ltd Update on Half Year Earnings

  • Jan 17, 2020 AEDT
  • Team Kalkine

Nufarm Ltd’s (ASX:NUF) earnings for the half year ending 31 January 2020 are expected to be significantly lower than the previous corresponding period (pcp). Further, the company expects its EBITDA to be in range of f $55 million to $65 million for the first half of FY20. The company will report the actual half yearly results for FY20 on 25 March 2020.

Highlightsv

  • Nufarm informed that weak demand for crop protection products in North America had impacted earnings in the first quarter
  • European segment sales have increased but higher raw material costs and strong market competition during the Autumn sales period impacted margins
  • The sales in Australia and New Zealand was decreased significantly due to the extreme climatic condition.

 

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