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BRIEF-Nufarm Says Ongoing Impacts Of Pandemic Will Present Increasing Challenges In Q4

Published 03/06/2020, 07:01 pm
Updated 03/06/2020, 07:06 pm
© Reuters.
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June 3 (Reuters) - Nufarm Ltd NUF.AX :

* OF ALL OUR REGIONS, EUROPE HAS BEEN MOST IMPACTED BY COVID-19

* LIKELY ONGOING IMPACTS OF PANDEMIC WILL PRESENT INCREASING CHALLENGES IN Q4

* CUSTOMERS ARE NOT PURCHASING PRODUCTS UNDER WHAT WOULD BE CONSIDERED TYPICAL PATTERNS AS WE MOVE INTO AUTUMN SALES CAMPAIGNS

* DRY WEATHER IN MUCH OF EUROPE OVER SPRING MODERATED DEMAND, PARTICULARLY IN FUNGICIDE MARKET

* EARLY INDICATIONS SUGGEST EUROPEAN BUSINESS WILL EXPERIENCE A WEAKER Q4 THAN LAST YEAR

* SIGNIFICANT VOLATILITY ON GLOBAL CURRENCY MARKETS LIKELY TO IMPACT NUFARM'S FINANCING COSTS FOR H2

* FACTORS MAY RESULT IN H2 EARNINGS BEING WELL BEHIND LAST YEAR FOR EUROPEAN BUSINESS

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