Extreme weather fails to knock Comvita off earnings targets

Mānuka honey wholesaler Comvita says its systems for managing bad weather years have helped it weather Cyclone Gabrielle. (Image: Comvita)

Staff reporters

Tue, 02 May 2023

Mānuka honey wholesaler Comvita has re-issued guidance of double-digit earnings growth despite the extreme weather events hitting New Zealand this year.The NZ stock exchange-listed company is attributing the growth in earnings before interest, tax, depreciation and amortisation (Ebitda) to strong demand forecasts from its market. Despite this year’s low harvest volumes, Comvita said it remained well-placed to meet the growing demand for its premium Mānuka honey products.The company attributed its "breakeven" harvest model f...

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