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Sims Advises on Trading Update and Forecast Earnings

15 Jun 2021  |  08:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading update

Sims announced it is expecting Underlying EBIT for full year FY 2021 to be between $360m and $380m. This compares with the previous guidance range of between $260m and $310m. The Company's business divisions are forecasting to maintain the third quarter results right through the fourth quarter. The Company advised that the main risk to achieving the forecasted FY 2021 result is delivering on the assumed June 2021 shipping schedule.

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