News & Updates

PGW Appoints John Stewart as GM - PGW Seeds Australia
PGW Appoints Mark Dewdney as Chief Executive Officer
Managing Director Steps Down
PGG Wrightson Trading Update

PGG Wrightson | Media Release

Tuesday, 14 May 2013

PGG Wrightson Trading Update

PGG Wrightson Trading Update

PGG Wrightson Limited (PGW) has today provided an earnings guidance update.

Earnings before interest, tax and depreciation for the financial year ending 30 June 2013 is forecast to be in the range of $48 - $40 million as compared with $55 million for the corresponding period last year.

The three main factors contributing to the change in earnings have been climatic conditions across Australia and New Zealand, lower livestock values and when compared to the last financial year, less earnings from Agri-feeds post disposal to the 4Seasons Feeds Limited joint venture.

Climatic extremes in Australia with two record wet years followed by record-breaking high temperatures this year have frustrated the company’s efforts to build earnings in Australia. Consequently, the Australian seed business, whilst important to the group strategically, is not forecast to contribute significantly to group earnings this year.

Climatic conditions in New Zealand have also been a factor with the whole of the North Island and

much of the South Island in one of the most extensive droughts on record.

PGW Managing Director, George Gould said that livestock values have been in decline since the beginning of the current financial year, first in sheep and more latterly in beef, deer and dairy. “While volumes and market share remain solid, prices are back approximately 30% compared with last year and this has had a material impact on group earnings. The business of PGG Wrightson reflects to a great degree the fortune of our farmer clients and this has been an extremely difficult trading year, which is forecast to impact on PGG Wrightson’s final result.” Mr Gould said.

For further information contact:

George Gould

Managing Director

+64 3 372 0976
Resignation of GM-PGW Seeds Australia

Events

	Steal a deal on fencing products and sheds Right now at PGG Wrightson you can pick up some great value deals on a range of fencing products and sheds. Visit your local store today or view our latest specials here.	Applies to Speedrite Non Geared Prewound Reel with Politape 200m or Poliwire 500m. Valid 1 April to 30 April 2013 or while stocks last. Includes GST. May not be available in all stores but may be ordered on request. Delivery not included.

	Be in to win an Air New Zealand Great Mystery Break Purchase any Speedrite Black Edition Energizer between 1 April and 30 June 2013 and go in the draw to win one of three Air New Zealand Great Mystery Breaks for two. Offer applies to purchases of the Speedrite 36 Black Edition Mains Energizer and Speedrite 63 Black Edition Mains Energizer only. View the PGG Wrightson Terms and Conditions and the Air New Zealand Mystery Breaks Terms and Conditions.
	Triple Rewards points on selected fencing products Earn three Rewards points for every $1 you spend on the following fencing products between 1 April and 30 June 2013: Speedrite™ Underground Cable 2.7mm Aluminium Coated 100m (includes 110m and 120m bonus reels) Speedrite™ Solar Energizer S500 Hayes™ ProCrimp Fencing Tool Cyclone® Tightlock Sheep Netting A8-900-600 HT 100m Open to existing PGG Wrightson Rewards members only. Bonus points awarded month following purchase. View the full terms and conditions.

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				<h2>
					<strong>Steal a deal on fencing products and sheds</strong></h2>
				<p>
					<br />
					<br />
					Right now at PGG Wrightson you can pick up some great value deals on a range of fencing products and sheds. Visit your <a href="http://corporate.dev.web/Services/FindStore">local store</a> today or view our <a href="http://corporate.dev.web/Userfiles/files/Rural%20Supplies%20Publications/2013%20Publications/PGW%20Fencing_Apr2013.pdf">latest specials</a> here.<br />
					&nbsp;</p>
				<h2>
					<a href="/Userfiles/files/Rural%20Supplies%20Publications/2013%20Publications/PGW%20Fencing_Apr2013(1).pdf"><img alt="" src="/Userfiles/images/Rural Supplies/Fencing/PGW Fencing_Apr2013.jpg" style="width: 176px; height: 245px; float: left;" /></a></h2>
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					<strong><img alt="" height="285" src="/Userfiles/images/Rural Supplies/Fencing/Fencing-Hot-Deal_Apr2013.jpg" width="230" /></strong><br />
					<br />
					Applies to Speedrite Non Geared Prewound Reel with Politape 200m or Poliwire 500m. Valid 1 April to 30 April 2013 or while stocks last. Includes GST. May not be available in all stores but may be ordered on request. Delivery not included.</p>
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				<h4>
					<strong>Be in to win an Air New Zealand Great Mystery Break&nbsp;</strong></h4>
				<h4>
					<strong><img alt="" src="/Userfiles/images/Rural Supplies/Competitions/Speedrite-Products.jpg" style="width: 180px; height: 154px; float: right;" /></strong></h4>
				<p>
					<br />
					Purchase any Speedrite Black Edition Energizer between 1 April and 30 June 2013 and go in the draw to win one of three Air New Zealand Great Mystery Breaks for two.</p>
				<p>
					Offer applies to purchases of the Speedrite 36 Black Edition Mains Energizer and Speedrite 63 Black Edition Mains Energizer only.</p>
				<p>
					View the <a href="/Userfiles/files/Rural%20Supplies%20Publications/2013%20Publications/PGW%20Speedrite%20Black%20Edition%20Energizer%20Great%20Mystery%20Break%20Promotion.pdf">PGG Wrightson Terms and Conditions</a> and the Air New Zealand Mystery Breaks <a href="/Userfiles/files/Rural%20Supplies%20Publications/2013%20Publications/Air%20New%20Zealand%20Mystery%20Breaks%20Terms%20and%20Conditions.pdf">Terms and Conditions</a>.<br />
					&nbsp;</p>
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				&nbsp;</td>
			<td colspan="2" style="text-align: left; vertical-align: top;">
				<h4>
					<strong>Triple Rewards points on selected fencing products </strong></h4>
				<p>
					<img alt="" src="/Userfiles/images/Rural Supplies/Fencing/3x-Rewards-Points.jpg" style="width: 135px; height: 135px; float: right;" /></p>
				<p>
					Earn three Rewards points for every $1 you spend on the following fencing products between 1 April and 30 June 2013:</p>
				<ul>
					<li style="margin-left: 18pt;">
						Speedrite&trade; Underground Cable 2.7mm Aluminium Coated 100m (includes 110m and 120m bonus reels)</li>
					<li style="margin-left: 18pt;">
						Speedrite&trade; Solar Energizer S500</li>
					<li style="margin-left: 18pt;">
						Hayes&trade; ProCrimp Fencing Tool</li>
					<li style="margin-left: 18pt;">
						Cyclone&reg; Tightlock Sheep Netting A8-900-600 HT 100m</li>
				</ul>
				<p>
					<br />
					Open to existing PGG Wrightson Rewards members only. Bonus points awarded month following purchase. <a href="/Userfiles/files/Rural%20Supplies%20Publications/2013%20Publications/PGW%20Fencing%20Rewards%20Points%20Promotion.pdf">View the full terms and conditions.</a></p>
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