Skellerup upgrades FY21 earnings guidance

19 April 2021
Skellerup upgrades FY21 earnings guidance
Stronger than expected Q3 sales and earnings has caused Skellerup to increase its forecast full year
FY21 net profit after tax (NPAT) to a range of $37 to $39 million. This compares to FY20 NPAT of
$29.1 million.
CEO David Mair said all businesses have continued to perform well.
“Sales of potable water products in the USA and demand for our flashing and plumbing products in
all markets were robust in Q3. We expect continued solid demand in Q4. Sales of essential dairy
consumable products were also better than expected during what is a normal seasonal low period.
We are now moving into the peak part of the NZ season where dairy farmers undertake
maintenance so expect a strong Q4 result. Demand for our high-performance marine foam products
continues to grow in all markets. Our order book remains strong, particularly in the USA.
The global shortage of containers and shipping space along with international port congestion is
impacting our business. We are focused on delivering the essential products we supply throughout
the world. Our manufacturing teams are focused on securing raw materials and running our
operations as efficiently as possible to meet the requirements of customers.”
In February, Skellerup reported a record first half NPAT of $19.5 million. Skellerup will report its
results for the full FY21 year on 19 August 2021.

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