April 26 (Reuters) - United Malt Group Ltd (UMG) : FY22 TRADING...

April 26 (Reuters) - United Malt Group Ltd (UMG) :

• FY22 TRADING UPDATE AND EARNINGS GUIDANCE-UMG.AX
• EXPECTS UNDERLYING EBITDA (BEFORE SAAS COSTS) FOR 1H22 TO BE ABOUT A$57 MILLION
• FY22 UNDERLYING EBITDA (BEFORE SAAS COSTS) IS EXPECTED TO BE ABOUT A$115 -140 MILLION
• SALES VOLUMES IN PROCESSING SEGMENT FOR FY22 EXPECTED TO EXCEED FY21 LEVELS AND APPROACH PRE-COVID LEVELS
• EXPECTS FY22 EBITDA IMPACT OF DELAYED SALES FROM SUPPLY CHAIN DISRUPTION TO BE ABOUT A$8 MILLION
• ALSO INCURRING HIGHER INPUT COSTS, INCLUDING ENERGY AND INBOUND AND OUTBOUND FREIGHT COSTS
• RECENT COST ESCALATIONS WILL BE LARGELY PASSED THROUGH TO CUSTOMERS OVER COURSE OF NEXT 9 MONTHS, REDUCING IMPACT INTO FY23
• CONFIRMS THAT CAPITAL EXPENDITURE FOR FY22 IS EXPECTED TO BE APPROXIMATELY A$110 MILLION
• REMAIN CONFIDENT IN OUTLOOK FOR BUSINESS, PARTICULARLY AS TEMPORARY FACTORS BEGIN TO ROLL OFF
• CUSTOMER DEMAND RETURNING AS MOST MARKETS REOPEN AND COVID-19 RESTRICTIONS ARE LIFTED