Skellerup FY25 starts well, forecasts another strong year

24 October 2024
Skellerup FY25 starts well, forecasts another strong year
Speaking ahead of today’s Annual Shareholders’ Meeting, Chair John Strowger provided initial
guidance for Skellerup’s FY25 year.
Strowger said “FY25 has started very well, despite a still challenging environment for global business.
Q1 earnings were up more than 20%, and whilst this compares to a weak prior comparative period,
reflects the drive of the team and quality of our business. The Industrial Division continues to
perform well, with sales growth across the range of important applications we service. The Agri
Division result has reverted to a more normal seasonal pattern with stronger sales of dairy
rubberware in international markets compared to the prior period which suffered from customer
destocking activity. Lower footwear sales, impacted by the economic conditions in New Zealand
have partially eroded the improvement.
Notwithstanding the strong start to FY25, the current global economic conditions and political risks
make forecasting future results more difficult. However, based on year-to-date results, expectations
of customer demand and no significant change in trading conditions, we expect FY25 net profit after
tax to be in the range of $52 to $57 million. We continue to focus on executing current business well,
alongside investing in capability and initiatives to improve returns, capture opportunities for new
business and mitigate market risks.”


For further information please contact:
Graham Leaming Tim Runnalls
Chief Executive Officer Chief Financial Officer
021 271 9206 027 807 5080