News: UMG United Malt Group Sees 1H21 EBITDA Within Range Of A$47 - A$50 Mln

Feb 18 (Reuters) - United Malt Group Ltd (UMG) :

• VOLUMES CONTINUE TO BE IMPACTED BY COVID-19 RESTRICTIONS IN CORE MARKETS, WITH CONTINUED REDUCTIONS IN ON-PREMISE CONSUMPTION
• 1H21 EBITDA IS EXPECTED TO BE WITHIN RANGE OF A$47 - A$50 MILLION
• CONTINUES TO EXPECT COVID- 19 CONDITIONS TO REMAIN THROUGHOUT FY21
• NON-CASH IMPAIRMENT OF A$2 MILLION, WITH SITE REDUNDANCY COSTS OF ABOUT A$1 MILLION EXPECTED TO BE INCURRED IN 1H21
• COVID-19 2ND AND 3RD WAVES IN CORE MARKETS LIKE US, CANADA, UK, CONTINUE TO DISRUPT CO'S DEMAND, SUPPLY CHAINS AND OPERATIONS