Steel & Tube Upgrades Earnings Guidance for 1H FY22

Wed, 15 Dec 2021

Steel & Tube Holdings Limited (NZX: STU) has upgraded its earnings guidance for the six months to 31 December 2021 (1H22).

EBIT is now expected to be between $20m and $22m (Normalised 1H21 $7.6m), with EBITDA of between $30m and $32m (Normalised 1H21 $16.8m).

This follows strong trading across the Group, driven by volume growth in target segments and positive market conditions.

The upgrade is subject to Covid-19 impacts.

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