Nufarm (ASX:NUF) manages investor expectations ahead of results

Company News

by Katrina Bullock

Australian agri chemical company, Nufarm (ASX:NUF) has given an update on market conditions experienced during its first half year ending 31 January 2020, ahead of its results.

The company downgraded its EBITDA last November. It’s now expected to be in the range of $55 to $65 million for the first half.

Sales in Australia and Asia are expected to decline as a result of continued extreme climatic conditions.

Sales margins in South America and Europe have been impacted by strong competition.

Shares in Nufarm (ASX:NUF) are trading 11.4 per cent lower at $5.40.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.