MOVE Trading Update

Company Announcement
14 November 2022

MOVE TRADING UPDATE
Transport and logistics group, MOVE Logistics Group Limited (NZX/ASX: MOV) advises that, following
an unexpected contract loss of circa $14m revenue, full year results for the Freight division will be
below expectations. The Company has therefore withdrawn its current FY23 guidance of Underlying
EBITDA from continuing operations to be an improvement on last year’s $54.3m. MOVE will provide
updated full year guidance with the Interim Results announcement in February 2023.
Trading within Contract Logistics and International (including the MOVe Oceans initiative) remains
robust. The Atlas Wind is expected to arrive in New Zealand before calendar year-end and will
deliver a strong profit from its maiden voyage.
MOVE expects to release its 1H23 result by end-February 2023.
ENDS
For further information, please contact:

Chris Dunphy
Executive Director
Phone: +61 417 888 930
Email: Chris@movelogistics.com
Lee Banks
Chief Financial Officer
Phone: +64 27 525 2876
Email: Lee.Banks@movelogistics.com

For media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e: jackie@ellisandco.co.nz

About MOVE Logistics Group Limited (MOV)
MOVE is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses.