Fonterra Clarifies Earnings Guidance

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Fonterra Clarifies Earnings Guidance

Source: Copyright © 2021 Kalkine Media Pty Ltd

Fonterra Co-operative Group Limited (NZX:FCG) has thinned its earnings guidance range, clarifying its expectations for the market and its shareholders.

  • Previous guidance for earning was NZ$0.20 to NZ$0.35.
  • The Co-op has lifted the lower band to NZ$0.25, reflecting that demand has remained strong for the Company’s products over H2FY21. The upper band of NZ$0.35 remains the same.
  • The ten-cent range allows for any unexpected events before Fonterra release its interim report on 17 March.

On 25 February, at the time of writing, Fonterra Co-operative Group shares were trading at $5.04, increasing by 0.60%.

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