Sharechat Logo

MHM Automation Limited (NZX: MHM) Trading Update

Thursday 25th March 2021

Text too small?

MHM is today providing a trading update.

During the past two and a half months, MHM has secured a number of significant new contracts that underpin the business for the remainder of the financial year and through the 2021 calendar year.

These include:

1. A $13m contract for three SSO plate freezers to an Australian red meat exporter

2. A contract for the delivery of a number of stainless silos for the dairy industry in New Zealand

3. An order for three Beta Vac cheese vacuum packers to a US based customer

4. A bin handling system for a NZ based pet food company

The pipeline for new orders remains strong, particularly in the chilling and freezing business where we are now taking orders for delivery as far out as November 2022.

We have been driving a strategy of diversification of the products, sectors and geographies that we sell to. This is now coming to fruition. We are investing in capability across the Group to ensure we can match demand.

In our February half year announcement, we said we were confident of increased profitability for the financial year to 30 June 2021. This guidance still stands with an expectation of increased EBITDA over the prior year.

Please see the link below for details:

MHM Automation (MHM) Trading update

Source: MHM Automation Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership
BIF - Annual Report 2022