Move Logistics downgrades FY22 guidance

4th May 2022 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Transport and logistics specialist Move Logistics Group has downgraded its full year earnings guidance on the back of Covid-19 and economic pressures disrupting trade and its investment plans.

For the full year to June 2022, the company expected its underlying EBITDA to be between $53m and $56m. At the half year, it had forecast performance in line with last year’s $61.3m result.

The company said it was also undertaking a formal sales process to test market interest in its non-core specialist and lifting business.