Skellerup guides for another strong year

25 October 2023
Skellerup guides for another strong year
Speaking ahead of today’s Annual Shareholders’ Meeting, Chair John Strowger provided initial
guidance for Skellerup’s FY24 year.
Strowger said “Q1 results are mixed. The Industrial Division has traded in line with expectations and
ahead of pcp. Agri Division sales are lower than expected due to international dairy customers
reducing demand and inventory due to challenging market conditions. However, footwear sales
remain solid.
For the full year we expect the Industrial Division to continue to grow both from sales of new
products and more stable demand for existing products (following the destocking of the prior year).
For the Agri Division we expect dairy sales to gradually increase as market conditions improve.
The global environment makes forecasting future results particularly difficult at the current time;
Skellerup is not immune to market uncertainties. However, based on prevailing conditions and our
current expectations in respect of how trading conditions and customer demand play out for the
year, we expect FY24 NPAT to be in the range of $50 to $55 million. Our strategy of working closely
with customers to provide engineered products that assure performance is the bedrock of delivering
continued and sustainable earnings growth.”


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