FY22 Guidance and Q4 outlook

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Metroglass Ltd (NZX: MPG, ASX: MPP) has released its Q4 outlook and guidance for the FY22 year, expecting to achieve Group EBIT in the range of $6.0m to $7.0m and net debt of circa.

$53m.

Q4 performance is expected to be ahead of the prior comparable period, with the company focused on improving profitability of the New Zealand and Australian businesses through price increases.

The guidance is subject to no further significant Covid-19 related impacts in New Zealand or Australia before year end.