Tender meat market could squeeze Scott Tech’s margins: analysts
Scott Tech CEO John Kippenberger says prospects are still good for its key meat processing products. (Image: Scott Tech)
A low point in the cyclical meat sector may have implications for Scott Technology’s net profit in its forthcoming full-year financial results.Forsyth Barr analysts James Lindsay and Will Twiss lowered their expectations for the automation and robotics company, stating in a note that red meat markets in particular have been under pressure.They said the company's minerals and materials handling segments will somewhat offset lower meat processing sales but those were both lower-margin products. The note did point out that a sh...
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