News: UMG United Malt Group Sees Underlying EBITDA For Fy23 To Be In Range Of A$140 -A$160 Million

Aug 1 (Reuters) - United Malt Group Ltd (UMG) :

• UNDERLYING EBITDA FOR FY23 EXPECTED TO BE IN RANGE OF A$140 -A$160 MILLION
• UNDERLYING EBITDA (BEFORE SAAS COSTS) FOR FY22 EXPECTED TO BE IN RANGE OF A$100 MILLION-A$108 MILLION
• IN DISCUSSIONS WITH ITS BANKS ON OPTIONS TO MANAGE TEMPORARY INCREASE IN BARLEY INVENTORIES & SHORT-TERM DECLINE IN EBITDA
• BELIEVES IT WILL NOT NEED TO RAISE ADDITIONAL CAPITAL AND WILL BE WITHIN ITS TARGET NET DEBT/EBITDA RANGE AT 30 SEPT 2023
• BASED ON FY23 VIEW, SEES IT WILL NOT NEED TO RAISE ADDITIONAL CAPITAL, WILL BE WITHIN TARGET NET DEBT/EBITDA RANGE AT 30 SEPT 2023.