Nufarm Ltd (FRA:NUF)

€ 2.1 0 (0%) Market Cap: 816.81 Mil Enterprise Value: 1.20 Bil PE Ratio: 0 PB Ratio: 0.62 GF Score: 69/100

Half Year 2023 Nufarm Ltd Earnings Call Transcript

May 18, 2023 / 12:00AM GMT

Release Date Price: €3.62 (+13.84%)

Transcript

Operator

Hello, and welcome to the Nufarm First Half 2023 Results Conference Call. I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to welcome Greg Hunt, CEO, to begin the conference. Greg, over to you.

Gregory Allan Hunt

Nufarm Limited - MD, CEO & Executive Director

Thank you, Connie, and good morning, everyone. Welcome, and thank you for joining us today. I'm joined on today's call by our CFO, Paul Townsend, and also joining us Rico Christensen and Brent Zacharias, who will take this opportunity to provide an update on the progress that we've made in the half towards our longer-term growth aspirations. But before we start, I'd like to draw your attention to the disclaimer on Page 3, particularly the section on forward-looking statements.

I'm pleased to report a strong result and a positive start to the financial year for Nufarm. Revenue and EBIT were relatively steady, while our underlying net profit increased by 7%. We achieved underlying EBITDA of $316 million. This is an excellent result,

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