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Australia's Sims hikes annual underlying operating earnings forecast on non-ferrous strength

By Reuters News22:42 (UTC), 16 June 2026 Updated

June 17 (Reuters) - Metal recycler Sims SGM.AX on Wednesday raised its annual underlying operating earnings forecast, citing strength across non-ferrous markets and improved trading conditions for ferrous metals.

The company now sees underlying earnings before interest and taxes (EBIT) for 2026 to be between A$420 million ($296.73 million) and A$435 million, compared with its previous forecast range of A$350 million to A$400 million.

($1 = 1.4154 Australian dollars)

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