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An announcement from Schaffer Corporation Limited ( (AU:SFC) ) is now available.
Schaffer Corporation Limited has withdrawn its first-half financial year 2026 profit guidance for its Automotive Leather division due to a cyber incident affecting its major customer, Jaguar Land Rover (JLR). This incident has led to a production halt at JLR, impacting Schaffer’s sales volumes and short-term profitability. Despite these challenges, Schaffer has taken measures to mitigate financial impacts and maintains a strong financial position, retaining its interim dividend.
The most recent analyst rating on (AU:SFC) stock is a Buy with a A$24.00 price target. To see the full list of analyst forecasts on Schaffer Corporation Limited stock, see the AU:SFC Stock Forecast page.
More about Schaffer Corporation Limited
Schaffer Corporation Limited operates in the automotive industry, primarily focusing on the production and supply of automotive leather. The company serves major automotive manufacturers, with a significant market focus on providing leather products for car interiors.
Average Trading Volume: 2,002
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$285.4M
Learn more about SFC stock on TipRanks’ Stock Analysis page.