Oct 26 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :
- AT CONSOLIDATED LEVEL, CONTINUE TO ANTICIPATE REVENUES DOWN BY LOW TO MID-SINGLE DIGIT PERCENTAGE POINTS IN FY24
- IN AMERICAS, CONTINUE TO EXPECT SALES TO BE DOWN ON PCP BY LOW SINGLE DIGIT PERCENTAGE POINTS IN FY24
- EXPECT APAC EXTERNAL SALES IN LOCAL CURRENCY TO BE DOWN BY LOW-SINGLE DIGIT PERCENTAGE POINTS OVERALL IN FY24
- CONTINUE TO TARGET STABLE OPERATING MARGINS FOR FULL YEAR COMPARED WITH FY23
- EXPECT FY24 FIRST HALF OPERATING MARGINS WILL BE LOWER THAN PCP
- FIRST HALF MARGINS ARE ALSO LIKELY TO BE IMPACTED BY LOWER SALES AMONG OTHERS
- EMEA EXTERNAL SALES IN LOCAL CURRENCY EXPECTED TO BE DOWN BY HIGH-SINGLE DIGIT PERCENTAGE POINTS IN FY24 VERSUS PCP
- DEMAND HAS SLOWED FURTHER INTO FY24 IN UK
- ON TRACK TO MEET OPERATING CASH FLOW CONVERSION TARGET OF BETTER THAN 90% FOR FULL YEAR
News: RWC Reliance Worldwide Sees Rev Down By Low To Mid-Single Digit Percentage Points FY
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