Nufarm Limited (AU:NUF) has released an update.
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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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