REPORTING CALENDAR - SEPTEMBER 2022
It is the time of reporting season when investors wait for corporate New Zealand to release their results and outlook for the upcoming year.
New Zealand's economy went through a difficult period with border closures and the Ukraine-Russia standoff. The inflation also peaked at 7.3% leading to cost escalations for many companies. Labour shortages impacted almost all industries with companies forced to increase their wages, leading to wage inflation as measured by the Labour Cost Index (LCI). Business confidence is at an all-time low and residential house prices are fast approaching the largest correction in half a century.
Investors expect a subdued earnings season as companies grapple with new economic uncertainties. Analysts have pulled back their growth forecasts since the last major reporting season in February, signaling a delay in economic recovery which hurts company profits.
However, with a bounce back from the COVID-19 pandemic, certain industries are likely to perform better than others.
Amid this new economic environment, we've put up the reporting calendar to assist you in making better decisions while scanning the performance of various NZX-listed companies.
Kalkine's reporting calendar offers analysts, traders, and consumers a clear picture of the company's upcoming reporting dates and performance expectations.
|Date||Company Name||NZX Code||Reporting period||Business Outlook|
|20/9/2022||KMD Brands Limited||KMD||FY22||The group will continue to invest in building global brands and launch Europe and Canada online sites for all its brands|
|22/9/2022||Fonterra Sharholders's Fund||FSF||FY22||FSF revised its 2023 forecast earnings guidance to 45 to 60 cps, up from 30 to 45 cps|
|27/9/2022||Synlait Milk Limited||SML||FY22||The company expects its Net Profit After Tax result to return to robust profitability in FY22 based on tighter management of Ingredients business|
|28/9/2022||The Warehouse Group||WHS||FY22||Due to economic uncertainity, the Group did not provide any full-year profit guidance for FY22|
|28/9/2022||New Zealand King Salmon Investments||NZK||Half-year||Launched a Rights Offer while announcing FY22 results, the proceeds of the Rights Offer were to be used to deleverage NZ King Salmon’s balance sheet and provide liquidity for medium-term operating requirements.|