BRIEF-United Malt Group Sees 1H21 EBITDA Within Range Of A$47

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BRIEF-United Malt Group Sees 1H21 EBITDA Within Range Of A$47 - A$50 Mln

Published Feb 18, 2021 11:33

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BRIEF-United Malt Group Sees 1H21 EBITDA Within Range Of A$47 - A$50 Mln

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Feb 18 (Reuters) - United Malt Group Ltd UMG.AX :

* VOLUMES CONTINUE TO BE IMPACTED BY COVID-19 RESTRICTIONS IN CORE MARKETS, WITH CONTINUED REDUCTIONS IN ON-PREMISE CONSUMPTION

* 1H21 EBITDA IS EXPECTED TO BE WITHIN RANGE OF A$47 - A$50 MILLION

* CONTINUES TO EXPECT COVID- 19 CONDITIONS TO REMAIN THROUGHOUT FY21

* NON-CASH IMPAIRMENT OF A$2 MILLION, WITH SITE REDUNDANCY COSTS OF ABOUT A$1 MILLION EXPECTED TO BE INCURRED IN 1H21

* COVID-19 2ND AND 3RD WAVES IN CORE MARKETS LIKE US, CANADA, UK, CONTINUE TO DISRUPT CO'S DEMAND, SUPPLY CHAINS AND OPERATIONS

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