Seeka advises market of lower than expected crop volumes

19 April 2023
Seeka advises market of lower than expected crop volumes
Seeka Limited [NZX:SEK] advises that the early season kiwifruit volumes packed by the company are
well down on estimate reflecting climatic events including an atypically mild winter followed by a
severe late frost, cyclone and more recently hail. Yields are well down on expectation.
Overall, the company estimates that total volumes could be down by 20% on the previous year and
may result in a forecast operating loss for the current year. The company has proactively reduced
costs, slowed its capital expenditure programme and continued with its asset reviews.
Seeka advises it is too early to accurately estimate full year guidance and will update the market on
earnings when there is greater certainty of the current year’s financial outlook. Once the harvest is
complete, the market will be updated.

Release ends:
For further information please contact:

Michael Franks Seeka Chief Executive officer +64 21 356516
Nicola Neilson Seeka Chief Financial officer +64 21 841606