Nufarm Limited (AU:NUF) has released an update.
Nufarm Limited has revised its FY24 financial guidance, expecting lower underlying EBITDA, increased net leverage, and reduced net working capital compared to previous projections. The company attributes these adjustments to a competitive and challenging industry environment, particularly affecting its North American and European crop protection businesses. Despite these setbacks, Nufarm remains optimistic about a revenue increase in FY25, particularly from its Omega-3 canola operations.
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