Business update

Scales Corporation Limited
Head Office: 52 Cashel Street | Christchurch 8013 | New Zealand
Postal: PO Box 1590 | Christchurch 8140 | New Zealand
Phone: +64 3 379 7720
scalescorporation.co.nz




25 March 2020

SCALES CORPORATION - BUSINESS UPDATE

Andy Borland, Managing Director of Scales Corporation, has conf irmed Scales’ New Zealand based
business units will remain operational f ollowing the Government announcement on 23 March to raise
the Covid–19 alert level to three, with a f urther increase to level 4, on Wednesday 25 March.
Scales business units are classified as ‘essential services’. They do need to complete strict MPI
registration processes to maintain that status, and subject to that, they will continue operating.
Although these businesses will continue working, Scales is committed to put in place alternative ways
of working to keep our staf f, suppliers and the public saf e and has prioritised the implementation of
appropriate measures to protect the health and saf ety of our people. Scales supports the Government
in its ef forts to protect the health of everyone in New Zealand.
For the 2020 apple season the harvest has continued with approximately 40% of the crop harvested
and either in storage or shipped. Subject to market conditions, Scales currently has adequate
resources to cover harvest, packing, coolstorage and shipping. Whilst markets are volatile, we are
continuing to ship to customers all over the world. It is however too early to gauge market conditions
f or the f ull year at this time.
Based on the harvest of early varieties the crop is on track f or f orecast quantity, with pleasing size
and quality.
The impact of Covid-19 on Scales remains uncertain and it is too early to assess whether the recent
developments will materially af f ect Scales’ earnings for FY2020 and whether any change to Guidance
f or FY2020 is required. The Scales board and management will continue to monitor the situation and
will update shareholders as appropriate once the impact upon Scales can be better assessed.
At this time we acknowledge the tireless dedication of the entire Scales team.

About Scales Corporation
Scales Corporation is a diversif ied agribusiness group. It comprises three operating divisions:
Horticulture, Food Ingredients and Logistics. The company’s diverse spread of activities gives Scales

broad exposure to New Zealand’s agribusiness sector. Scales Corporation was f ounded in 1897 as a
shipping business by George Herbert Scales. Today it has operations across New Zealand, Australia
and the United States. Find out more at www.scalescorporation.co.nz.
Contact
Andy Borland, Managing Director, Scales Corporation Limited, Mob: 021 975 999, email:
andy.borland@scalescorporation.co.nz