Skellerup expects improved earnings in FY18

25 October 2017
Skellerup expects improved earnings in FY18
Speaking ahead of today’s Annual Shareholders’ Meeting, Skellerup Chair Liz Coutts said trading for
Q1 of the current year was strong, generating EBIT in excess of 10% ahead of the comparable
quarter in the prior year.
Mrs Coutts said “We expect an improvement in underlying profitability for the FY18 year ahead.
However, experience tells us it is too early in the year, given the seasonal nature of our business for
us to provide any further guidance.”
Skellerup CEO, David Mair noted that Skellerup continued to make gains across its Industrial Division
particularly in potable water applications and had seen improved demand for its Dairy rubberware
and footwear products.
At today’s meeting, Skellerup shareholders will farewell two directors. Dr Ian Parton retires after
more than 6 years on the Board, with his governance and engineering experience proving invaluable
for the recently completed Skellerup Dairy Rubberware facility in Wigram. Sir Selwyn Cushing retires
having stepped down as Chairman in January this year. Sir Selwyn was first a director of Skellerup in
1986 and his retirement today concludes the vital role he has taken in steering the company in his
latest tenure of almost 10 years.


For further information please contact:
David Mair Graham Leaming
Chief Executive Officer Chief Financial Officer
021 708 021 021 271 9206