New posts

Reply to thread

Message

Trading Update with record sales expected for FY22
MELBOURNE, Australia - SDI Limited (ASX: SDI), a leading dental technology company that
conducts research and development, manufacturing, and distribution of specialty dental
materials, today announced that sales for the twelve months ending 30 June 2022 are
estimated to increase 16% to approximately $95.0 million, compared to the prior
corresponding period of $81.6 million (FY21).
The company estimates that after tax-profit, for the twelve months ending 30 June 2022, will
be within the range of $7.0 million to $7.5 million, a decrease of 16% to 22% compared to
financial year 2021 of $8.9 million.
Commenting on the trading update Chief Executive Officer Samantha Cheetham said:
“We are thrilled to announce that FY22 will be a record sales year for SDI, with an estimated
$95 million of sales for the year. The strong growth momentum we achieved in the 1H22
continued throughout the 2H22, with all product areas growing strongly across all regions.
“Freight costs remain an ongoing headwind for the group, as with many other companies,
impacting the bottom line with an expected net profit of $7.0-$7.5 million for FY22. Despite
this, we remain committed to our strategy of prioritising customer service and, whilst we have
incurred additional freight costs to ensure supply, we are confident that our strategy has led to
increased market share underpinning this record sales result, and best positions SDI for future
growth.”
The FY22 result is due to be released on Friday 26 August 2022.
This announcement has been approved for release by the Board of Directors.

-------------------------------------------------------------------------------------------------------------------------------------------

( DYOR )

i hold SDI

<blockquote data-quote="divs4ever" data-source="post: 1181448" data-attributes="member: 86149">Trading Update with record sales expected for FY22MELBOURNE, Australia - SDI Limited (ASX: SDI), a leading dental technology company thatconducts research and development, manufacturing, and distribution of specialty dentalmaterials, today announced that sales for the twelve months ending 30 June 2022 areestimated to increase 16% to approximately $95.0 million, compared to the priorcorresponding period of $81.6 million (FY21).The company estimates that after tax-profit, for the twelve months ending 30 June 2022, willbe within the range of $7.0 million to $7.5 million, a decrease of 16% to 22% compared tofinancial year 2021 of $8.9 million.Commenting on the trading update Chief Executive Officer Samantha Cheetham said:“We are thrilled to announce that FY22 will be a record sales year for SDI, with an estimated$95 million of sales for the year. The strong growth momentum we achieved in the 1H22continued throughout the 2H22, with all product areas growing strongly across all regions.“Freight costs remain an ongoing headwind for the group, as with many other companies,impacting the bottom line with an expected net profit of $7.0-$7.5 million for FY22. Despitethis, we remain committed to our strategy of prioritising customer service and, whilst we haveincurred additional freight costs to ensure supply, we are confident that our strategy has led toincreased market share underpinning this record sales result, and best positions SDI for futuregrowth.”The FY22 result is due to be released on Friday 26 August 2022.This announcement has been approved for release by the Board of Directors.-------------------------------------------------------------------------------------------------------------------------------------------( DYOR )i hold SDI</blockquote>

[QUOTE="divs4ever, post: 1181448, member: 86149"] Trading Update with record sales expected for FY22 MELBOURNE, Australia - SDI Limited (ASX: SDI), a leading dental technology company that conducts research and development, manufacturing, and distribution of specialty dental materials, today announced that sales for the twelve months ending 30 June 2022 are estimated to increase 16% to approximately $95.0 million, compared to the prior corresponding period of $81.6 million (FY21). The company estimates that after tax-profit, for the twelve months ending 30 June 2022, will be within the range of $7.0 million to $7.5 million, a decrease of 16% to 22% compared to financial year 2021 of $8.9 million. Commenting on the trading update Chief Executive Officer Samantha Cheetham said: “We are thrilled to announce that FY22 will be a record sales year for SDI, with an estimated $95 million of sales for the year. The strong growth momentum we achieved in the 1H22 continued throughout the 2H22, with all product areas growing strongly across all regions. “Freight costs remain an ongoing headwind for the group, as with many other companies, impacting the bottom line with an expected net profit of $7.0-$7.5 million for FY22. Despite this, we remain committed to our strategy of prioritising customer service and, whilst we have incurred additional freight costs to ensure supply, we are confident that our strategy has led to increased market share underpinning this record sales result, and best positions SDI for future growth.” The FY22 result is due to be released on Friday 26 August 2022. This announcement has been approved for release by the Board of Directors. ------------------------------------------------------------------------------------------------------------------------------------------- ( DYOR ) i hold SDI [/QUOTE]

Verification