Fresh produce business Costa Group has postponed the release if its 1HCY23 results to 31 August, with a possible acquisition by Paine Schwartz Partners still on the cards.
Its statement to the ASX said unaudited EBITDA-S before material items for 1HCY23 will be around $150 million.
Softening consumer demand in the tomato category and a drop in the outlook for late season citrus – expected to cost the company around $30 million – will impact the full year result.
In early July it was revealed US private equity firm Paine Schwartz Partners (PCP) was completing due diligence as part of a takeover bid.
In its latest announcement, Costa said it was still uncertain if the sale would go ahead and at what price. The group said discussions with PCP were ongoing and it expected to provide an update in mid-late September.
