Speaking ahead of today''s Annual Shareholders'' Meeting, Skellerup Chair Liz
Coutts said trading for Q1 of the current year was strong, generating EBIT in
excess of 10% ahead of the comparable quarter in the prior year.
Mrs Coutts said "We expect an improvement in underlying profitability for the
FY18 year ahead. However, experience tells us it is too early in the year,
given the seasonal nature of our business for us to provide any further
guidance."
Skellerup CEO, David Mair noted that Skellerup continued to make gains across
its Industrial Division particularly in potable water applications and had
seen improved demand for its Dairy rubberware and footwear products.
At today''s meeting, Skellerup shareholders will farewell two directors. Dr
Ian Parton retires after more than 6 years on the Board, with his governance
and engineering experience proving invaluable for the recently completed
Skellerup Dairy Rubberware facility in Wigram. Sir Selwyn Cushing retires
having stepped down as Chairman in January this year. Sir Selwyn was first a
director of Skellerup in 1986 and his retirement today concludes the vital
role he has taken in steering the company in his latest tenure of almost 10
years.
For further information please contact:
David Mair
Chief Executive Officer
021 708 021
Graham Leaming
Chief Financial Officer
021 271 9206
End CA:00309178 For:SKL Type:MKTUPDTE Time:2017-10-25 12:28:22