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BRIEF-Nufarm Sees Non-Cash, Impairment Charges In Relation To European Assets Of About $215 Mln For FY20

Published 02/09/2020, 09:24 am
© Reuters.
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Sept 2 (Reuters) - Nufarm Ltd NUF.AX :

* EXPECTS TO RECOGNISE NON-CASH, IMPAIRMENT CHARGES IN RELATION TO ITS EUROPEAN ASSETS OF ABOUT $215 MILLION FOR YEAR ENDED 31 JULY 2020

* FOLLOWING SALE OF SOUTH AMERICAN BUSINESSES, FY20 UNDERLYING EBITDA FROM CONTINUING OPERATIONS EXPECTED TO BE IN RANGE OF $230 MILLION TO $240 MILLION

* SEES UNDERLYING GROUP EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (EBITDA) FOR FY20 IN RANGE OF $290 MILLION TO $300 MILLION

* EXPECTS TO REPORT FOREIGN EXCHANGE LOSSES FOR FULL YEAR OF ABOUT $33 MILLION

* INPUT COSTS FOR A SMALL NUMBER OF PRODUCTS IN PORTFOLIOS CO ACQUIRED IN 2018 ARE EXPECTED TO REMAIN ELEVATED IN MEDIUM TERM

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