Skellerup Holdings, a company that generates 35% of its revenue from the US market, has said the new tariffs on products manufactured outside the US will not have a material impact on its results for the financial year ending June 2025.
Skellerup's chief executive, Graham Leaming, said the company's actions to increase inventory in the market, as well as its pricing and cost initiatives, would help mitigate the impact of the tariffs.
The company, which designs, manufactures, and distributes high-performance components, has maintained its guidance for net profit after tax of $52 million to $56m for the 2025 financial year.
However, it acknowledged that the new tariffs would increase costs in future financial years.
Skellerup said it expects to offset a significant portion of these costs through continuous improvement activities, pricing and cost initiatives, and the expansion of its in-market manufacturing capability.
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