Synlait Milk Limited announced that the company does not expect its profitability to grow at the same rate in the second half of 2022 due to several external factors which could impact performance. These include: The impact of Omicron and broader labour shortages in New Zealand on Synlait's workforce, which remains unknown. This could impact Synlait's ability to operate at normal production levels in the short-term.

Ongoing disruptions to global supply chains due to COVID-19 and geopolitical issues whichcould impact Synlait's ability to procure raw materials and export products. Dairy commodity prices continuing to rise due to strong global demand outrunning restricted supply, which could potentially create downside risk in 2022, and equally an opposite upside opportunity in 2023, due to lagged priced contracts with large multinational customers.