News: NUF Nufarm Expects H1 Underlying EBITDA Of A$320 Mln- A$340 Mln

April 26 (Reuters) - Nufarm Ltd (NUF) :

• UKRAINE & RUSSIA BUSINESS AND 1H22 EARNINGS UPDATE
• EXPECTS TO RAISE A PROVISION IN RANGE OF A$30 MILLION TO A$40 MILLION, PRE-TAX
• EXPECTS TO REPORT UNDERLYING EBITDA OF BETWEEN A$320 - A$340 MILLION FOR 1H 2022
• ANTICIPATES THAT UNDERLYING EBITDA IN FY22 IS LIKELY TO BE MORE SKEWED TO FIRST HALF
• THERE CONTINUES TO BE UNCERTAINTY AND VOLATILITY IN RELATION TO ACTIVE INGREDIENT PRICING, GLOBAL SUPPLY CHAIN AND LOGISTICS CHALLENGES
• UNCERTAINTY HAS CONTRIBUTED TO AN INCREASE IN FORWARD SALES IN FIRST HALF
• HAS "NASCENT" OPERATIONS IN BOTH UKRAINE AND RUSSIA
• FY21 CONTRIBUTION TO UNDERLYING EBITDA FROM RUSSIA, UKRAINE COMBINED WAS NOT MATERIAL
• MAXIMUM EXPOSURE OF INVENTORY, RECEIVABLES HELD IN RUSSIA, UKRAINE LESS THAN 2% OF GROUP TOTAL