Sims (AU:SGM) has released an update.
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Sims Limited has announced an optimistic Q1 FY25 earnings forecast for its Metal businesses, projecting an EBIT of approximately $55 million despite tough market conditions. North America Metal is leading the performance with an expected $29 million in EBIT and a Trading Margin of 22%, building on its turnaround from the previous fiscal year. However, the company cautions that these unaudited estimates are subject to change due to ongoing market volatility.
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