Costa Group Holdings Ltd AGM Guidance Call Transcript
Good morning, ladies and gentlemen. My name is Harry Debney, CEO of Costa Group. And this call is being held in relation to Costa's updated guidance and outlook released to the market today. Joining me on this call is our CFO, Linda Kow; and our Chief Operating Officer, Sean Hallahan.
From a position of relative strength at the end of April, the company is now facing a number of events and deteriorating trading conditions, which has required a revision of our full year forecast. Since the last company update issued in February, the trading environment through March and April was generally favorable with an improved outlook for a number of our categories, including tomatoes, avocados and berries and good prospects for the forthcoming citrus season.
In the mushroom category, we had to contend with lower pricing levels due to extended summer temperatures affecting short-term demand as well as the previously disclosed commissioning delays at Monarto with the late change in compost technology.
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