Skellerup Holdings, a manufacturer of high-performance polymer-based products, has provided an update on the impact of tariffs on its business.
The company generates about 35% of its revenue from sales in the US, with 85% of that coming from products manufactured in New Zealand, China, and Vietnam.
Skellerup said the tariffs imposed in April and subsequent changes would not have a material impact on its results for the year ended June 30, 2025.
However, it acknowledged that the tariffs would increase costs in future financial years.
The company said it expects to offset the impact on future earnings through sales growth, pricing, costing and manufacturing initiatives.
Skellerup's chief executive, Graham Leaming, said recent announcements provided greater certainty on tariffs applicable to its global facilities.
The company's guidance for net profit after tax in the 2025 financial year remains unchanged, at $52 million to $56m.
See more
