Australia
23 May 2024

Today, Nufarm announced its Half Year Results.

Highlights:

• Revenue of $1.8 billion
• Statutory net profit after tax of $49 million
• Unfranked interim dividend of 4 cents per share
• FY24 outlook EBITDA $350 million to $390 million
• Continued progress on key strategic growth milestones
• On track to meet FY26 revenue aspirations

Nufarm Managing Director and CEO, Greg Hunt, said “Despite challenging conditions, Nufarm delivered a solid result for the first half of fiscal 24.”

“For FY24 we expect EBITDA of between $350 million and $390 million. The mid-point of our guidance implies growth of 25% YoY in EBITDA in the second half of FY24.”

“Our balance sheet position is strong. Our debt financing provides significant flexibility to meet movements in working capital, we have no near term refinancing requirements and we have minimal financial covenants associated with our facilities.”

To read the full announcement, click here.

To view the full report and presentation, click here.

Website: http://www.nufarm.com

Published: May 23, 2024