Brief: Arborgen Says FY24 Revenues Expected To Be At Record Levels For Full Year

Arborgen Holdings

28/11/2023 08:16

Nov 28 (Reuters) - Arborgen  ARB.NZ :
    * FY24 REVENUES ARE EXPECTED TO BE AT RECORD LEVELS FOR FULL
YEAR
    * GUIDANCE FOR FY24 HAS BEEN REVISED, WITH US SEEDLING SALES
NOW
EXPECTED TO BE LOWER THAN ORIGINALLY ANTICIPATED
    * ON NORMALISED BASIS, OPERATING PROFIT IS EXPECTED TO
IMPROVE
YEAR ON YEAR
    * ON A NORMALISED BASIS, OPERATING PROFIT IS EXPECTED TO
IMPROVE
YEAR ON YEAR
    * NET DEBT (EXCLUDING CAPITAL LEASES) IS EXPECTED TO BE
BETWEEN
$18.3 MILLION AND $19.3 MILLION FOR FY24
    * FY24 US GAAP EBITDA IS EXPECTED TO BE BETWEEN $7MLN TO
$8MLN

Further company coverage:  ARB.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))