Chair Rodger Finlay says the rural servicing company is well placed to deliver earnings before interest, tax, depreciation and amortisation (Ebitda) of $57 million, including the lease accounting standard NZ IFRS16.
That would be a 27% increase on FY20, including NZ IFRS16, and around $35m excluding, up 50%.
He foreshadowed a minimum interim dividend of 10c to be declared in February based on the strong trading performance.
PGW shares immediately added 10%, increasing from $2.88 last Monday to $3.19 on Tuesday.
Chief executive Stephen Guerin said the company had benefited from strong retail demand over spring, while livestock trading volumes and sale yard throughputs had been healthy.
Rural and lifestyle real estate had enjoyed robust buyer interest.
“With seven months to run in the financial year, unpredictability remains in world markets, but we are very pleased how PGW is tracking and optimistic about our prospects,” Guerin said.
In FY20, the Ebitda inclusive of NZ IFRS16 was $45.2m and $23.5m excluding the lease effects.
