For a company that exports everything it makes here in Australia, the domestic economy grinding to a halt is somewhat of a boon ironically, given it's outworking on crunching the A$ to lows against the US$ that have been matched only twice in the past two decades, namely during the GFC and Covid):
(The pictures of the A$ vs the GBP and the A$ vs the Euro look similar, albeit a bit less pronounced)
This slump in the A$ is providing a double benefit to SDI, namely:
1.) Transactional, by increasing gross profit margins,
as well as
2.) Translational, when non-A$ denominated sales and earnings get converted into A$ terms
I don't think SDI will be able, to replicate FY2024's bonanza year this year, but with the tailwind of a collapsing A$ it won't be as far off as it would have been just 8 or 10 weeks ago.
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SDI Price at posting:
$1.13 Sentiment: None Disclosure: Held
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