Cyclone Gabrielle
21 February 2023
Cyclone Gabrielle
Yesterday our CEO and Chief Operations Officer (COO) visited our team and facility in Hawkes Bay to
assess the impact of Cyclone Gabrielle firsthand. We are pleased to report that all of the team are
safe and well and that we have been able to put in place accommodation and support for our team
and their families.
The level of destruction in the area can only be described as catastrophic and we recognise that it will
take some time to fully understand the extent of the impact for all those effected. We are currently
working on plans to support the wider Hawkes Bay community and will update as those plans are
finalised.
Our own facility has suffered extensive damage and our working hypothesis is that the site will be
written off in its entirety. Naturally, we have full insurance cover in place and do not anticipate any
material impact on our financial results. We are working closely with our insurers to get an
assessment completed so that we can start the process of cleaning up our site.
From an operational perspective as previously advised, we have moved extraction to one of our
other facilities and apart from the significant disruption in Hawkes Bay, we do not expect any
material impact to our daily operations.
We will provide further updates in due course.
Ends.
For further information contact:
Kelly Bennett, One Plus One Communications
Mobile: +64 21 380 035
Email: kelly.bennett@oneplusonegroup.co.nz
Background information
Comvita (NZX:CVT) was founded in 1974, with a purpose to heal and protect the world through the
natural power of the hive. With a team of 550+ people globally, united with more than 1.6 billion bees,
we are the global market leader in Mānuka honey and bee consumer goods. Seeking to understand,
but never to alter, we test and verify all our bee-product ingredients are of the highest quality in our
own government-recognised and accredited laboratory. We are growing industry scientific knowledge
on bee welfare, Mānuka trees and the many benefits of Mānuka honey and propolis. We have pledged
to be carbon neutral by 2025 and carbon positive by 2030, and we are planting 1-2million native trees
every year. Comvita has operations in Australia, China, North America, South East Asia, and Europe –
and of course, Aotearoa New Zealand, where our bees are thriving.
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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- TGG — T&G Global Limited: Impact of Cyclone Gabrielle2023-02-16
“MARKET UPDATE 17 February 2023 Impact of Cyclone Gabrielle Cyclone Gabrielle has caused a considerable amount of damage to parts of New Zealand. T&G Global’s immediate priority is the safety and welfare of our people, seasonal team members, partner growers and the co…”
- TGG — T&G Global Limited: FY 2023 Earnings Guidance Update2023-05-17
“MARKET UPDATE 18 May 2023 FY 2 023 Earnings Guidance Update Following a comprehensive assessment of the impact of February’s Cyclone Gabrielle, the Board of Directors of T&G Global Ltd advises that Group Profit for the 2023 financial year is now forecast to be a loss befo…”
- TGG — T&G Global Limited: 2022 Full Year Results2023-02-27
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