bullish

Rubicon Ltd

ArborGen Holdings - Positive actions sustaining EBIT progress

693 Views09 Mar 2020 17:00
Issuer-paid
SUMMARY

ArborGen is set to deliver good year-on-year progress in FY20 despite constrained availability of advanced seedlings due to prior year weather effects. Net opex increases cause us to trim our current year earnings expectation. However, the addition of nursery capacity suggests that management remains confident in improving medium-term seedling volume and mix in the US to drive group profitability forward.

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