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Wellington Drive lowers earnings guidance on ‘operating constraints’

But refrigeration tech company saw revenue growth in first quarter.

NZX-listed refrigeration technology supplier Wellington Drive Technologies has lowered its earnings guidance by $1 million after it was unable to supply all of its customer orders and was hit by “significant” component cost increases.

But the company says revenue is tracking 26% higher in

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Hamish McNicol Thu, 21 Apr 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Wellington Drive lowers earnings guidance on ‘operating constraints’
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