Mercer cuts FY earnings guidance on late sales, signals big deal with multi-national in the pipeline

Thu, 20 Jun 2013

By Paul McBeth June 21 (BusinessDesk) - Mercer Group, the stainless steel fabricator, has cut its annual earnings forecast after two big equipment sales missed the June financial year, though it’s upbeat about the future and is in talks to licence its technology to a large multinational company. Earnings before interest, tax, depreciation, and amortisation will be between $2.2 million and $2.5 million in the 12 months ending June 30, the Auckland-based company said in a statement. While that’s an improvement on last year’s EBITDA of $1.1 mil...

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