Brief: Steel & Tube Holdings Sees 2H23 Volumes To Be 10% To 15% Less Than 1H23

Steel & Tube Holdings

09/05/2023 22:08

May 10 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * 2H23 VOLUMES ARE EXPECTED TO BE 10% TO 15% LESS THAN 1H23
    * EXPECTING THAT FY24 OPERATING COSTS WILL BE FLAT TO FY23
    * FORECASTING FY23 NORMALISED EBIT OF BETWEEN NZ$28M AND
NZ$32M
AND NORMALISED EBITDA OF BETWEEN NZ$48M AND NZ$52M
    * UNDERTAKING COMPREHENSIVE COST OUT PROGRAMME FOCUSING ON
NZ$5M
OF OPERATING COSTS IN FY24


Further company coverage:  STU.NZ