Market Update
16 March 2020
Skellerup Market Update
Skellerup released its HY20 results on 13 February 2020 and at that time advised that FY20 NPAT
was expected to be consistent with the prior year. We advised that we had not seen any immediate
material impact of the new coronavirus (Covid-19) on our business.
Since that time, Skellerup’s global businesses have and are continuing to operate safely and
effectively and trading has been at expected levels. Again, we continue not to have seen any year to
date material impact of Covid-19 on our business.
Key Points
• Skellerup facilities worldwide have been and continue to operate.
• Skellerup has and continues to advise and monitor its people to help them protect
themselves and families from the Covid-19 pandemic.
• Many Skellerup products are essential and non-perishable helping to ensure safe food and
water.
• Skellerup’s businesses have to date not been adversely affected from material supply chain
interruptions and have been able to meet all customer requirements.
• Skellerup expects end demand for some of its products may be impacted but to date there
are no material changes to our business or year to date earnings for FY20.
CEO David Mair said “We have not experienced any material change to our business results since
reporting our HY20 results. Our leaders and teams around the world are working well to manage
through the challenges of working in the current environment. Given the restrictions being placed by
many countries on movement of people we expect we could see changes in demand for our
products in the future. It is impossible to foresee when or to what extent demand may change. We
continue to monitor the situation closely, and will report further developments, if, as and when they
emerge. At this stage we continue to expect FY20 NPAT to be consistent with the result achieved in
the pcp.”
For further information please contact:
David Mair Graham Leaming
Chief Executive Officer Chief Financial Officer
021 708 021 021 271 9206
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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