MetroGlass says Aussie unit to deliver A$6m Ebit

Wed, 29 Mar 2023

Metro Performance Glass said it expects Australian Glass Group (AGG) to deliver A$70 million (NZ$75m) in revenue for the year ending this month. It is also forecasting it will deliver earnings before interest, tax, depreciation and amortisation (Ebitda) of A$11m and earnings before interest and tax (Ebit) of A$6m. The company affirmed its guidance for the group result for the year for Ebit to range between $11m and $12m compared with $5.9m in the previous year. It also said net debt will now be less than $63m at March 31 versus a...

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