June 3, 2020 / 9:04 AM / a month ago

BRIEF-Nufarm Says Ongoing Impacts Of Pandemic Will Present Increasing Challenges In Q4

June 3 (Reuters) - Nufarm Ltd:

* OF ALL OUR REGIONS, EUROPE HAS BEEN MOST IMPACTED BY COVID-19

* LIKELY ONGOING IMPACTS OF PANDEMIC WILL PRESENT INCREASING CHALLENGES IN Q4

* CUSTOMERS ARE NOT PURCHASING PRODUCTS UNDER WHAT WOULD BE CONSIDERED TYPICAL PATTERNS AS WE MOVE INTO AUTUMN SALES CAMPAIGNS

* DRY WEATHER IN MUCH OF EUROPE OVER SPRING MODERATED DEMAND, PARTICULARLY IN FUNGICIDE MARKET

* EARLY INDICATIONS SUGGEST EUROPEAN BUSINESS WILL EXPERIENCE A WEAKER Q4 THAN LAST YEAR

* SIGNIFICANT VOLATILITY ON GLOBAL CURRENCY MARKETS LIKELY TO IMPACT NUFARM’S FINANCING COSTS FOR H2

* FACTORS MAY RESULT IN H2 EARNINGS BEING WELL BEHIND LAST YEAR FOR EUROPEAN BUSINESS Source text for Eikon: Further company coverage:

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