REPORTING CALENDAR - AUGUST 2022
It is the time of August 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 August 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 |
---|---|---|---|---|
22-Aug-22 | Freightway Limited | FRE | FY22 | Due to strong position in HY22, FRE plans to target revenue and earnings growt.Its plans are in place labour shortages and supply chain constriants |
22-Aug-22 | Property for Industry | PFI | HY23 | Based on solid performance , the Board of PFI plans to raise its dividend between 8.05 and 8.10 cps, a further increase of up to 2.5% on pcp |
22-Aug-22 | Chorus Limited | CNU | FY22 | Based on solid HY results, the company raised FY22 EBITDA guidance increased to $665m to $685m; and dividend guidance increased to 35 cps from 26 cps |
23-Aug-22 | Summerset Limited | SUM | HY23 | The Company is in a strong position going ahead with NZ's population aged 75 and over is forecast to more than triple in the next 50 years. |
23-Aug-22 | NZME Limited | NZM | HY23 | AIA pegged its capital expenditure for the FY22 between NZ$250 million and NZ$300 million as it continues to take a cuatious prroach due to the current trading environment. |
23-Aug-22 | Heartland Group Holdings Limited | HGH | FY22 | PCT will focused on the next stage in its strategic evolution, following the internalisation of Precinct’s management last year. |
24-Aug-22 | Scales Corporation Limited | SCL | HY23 | SKL is very proud of its global team, therefore, plans to focus on supporting its people with aim of growing sustainable earnings& shareholder returns. |
24-Aug-22 | Move Logistics Limite | MOV | FY22 | SEK said it will pursue an active growth strategy through acquisitions to build shareholder value and lift returns on capital employed. |
24-Aug-22 | Meridian Energy Limited | MEL | FY22 | NZX has conservatively positioned expectations for full year 2022 operating earnings to be in the range of NZ$33.5 million to NZ$38.0 million. |
24-Aug-22 | EBOS Limited | EBOS | FY22 | For FY22, GNE EBITDAF guidance range is NZ $430 to NZ $440 million subject to certain conditions and capital expenditure guidance is up to NZ$84 million. |
24-Aug-22 | Spark New Zealand Limited | SPK | FY22 | Spark expects its FY22 EBITDAI guidance range of NZ$1,130 million to NZ$1,160 million. It also confirmed total 25.0 cps of dividend guidance. |
25-Aug-22 | Air New Zealand Limited | AIR | FY22 | AIR said that it expected that FY22 will incur a loss before taxation and other significant items to the tune of NZ$750 million. Dividend will remain suspended |
25-Aug-22 | Comvita Limited | CVT | FY22 | CVT's 2025 plan is designed to deliver a business model that achieves a GP of at least 60%, long-term investment in its brand to deliver 20% EBITDA |
25-Aug-22 | SkyCity Entertianment Group | SKC | FY22 | SKC continues to make steady progress with initiatives to enhance SkyCity’s host responsibility framework |
25-Aug-22 | Sky Television Limited | SKT | FY22 | Sky is on target to deliver full year results in line with the upgraded guidance of between NZ$725 to NZ$745 m, EBITDA of NZ$150-to NZ$160 m |
25-Aug-22 | Solution Dynamics Limited | SDL | FY22 | Based on a number of factors SDL amended its FY2022 guidance to around NZ$2.3 million from NZ$2.5. It adviced that there would be volaitility around guidance range |
26-Aug-22 | Port of Tauranga | POT | FY22 | Based on the first half performance, POT full year earnings are expected to be in the range of NZ $103 million to NZ $110 million. |
26-Aug-22 | Delegat Group Limited | DGL | FY22 | The Group says it plans to achieve a global case sales for the full year of 3,419,000, up 8% on last year. EBITDA result remains in line with market guidance in the range of NZ$57 million to NZ$61 million. |
26-Aug-22 | Vector Limited | VCT | FY22 | Based on this half year result, VCT expects FY22 EBITDA to be in the range of NZ$505-NZ$515 million |
26-Aug-22 | Tourism Holdings Limited | THL | FY22 | thl expects that its statutory net loss after tax for FY22 will be in the range of NZ$2M to NZ$4M. The statutory result will include a number of one-off items |
26-Aug-22 | Michael Hill International Limited | MHJ | FY22 | With lower foot traffic, challenging rostering and reduced store trading hours. Potentially, similar impacts may arise in NZ in the coming weeks. |