Operator

Thank you for standing by, and welcome to the Austin Engineering Investor Conference Call. [Operator Instructions]

I would now like to hand the conference over to Mr. Sybrandt van Dyk, Austin Engineering CEO and Managing Director. Please go ahead.

Sybrandt van Dyk
CEO, MD & Executive Director

Thank you, and good morning, everyone. Obviously, with me is David, our CFO. And the main purpose of today is to address the trading and guidance update we did yesterday and to give everybody the opportunity to potentially ask us any questions that wasn't clear out of that announcement.

I will give a very quick update and try to put some context around that announcement, and we do not have a script prepared. So please bear with me. I would like to stress that the main reason for the guidance update is because we're seeing schedule drift, schedule drift that the product that we were hopeful was going to be manufactured across May and June, which is very large -- 2 large months for us. And May and June has always been very large months for Austin, if you go back in time, and it probably has to do with probably reporting periods or more people getting the product into their budgeted periods that they are working in.

So we're seeing that drift mostly in North and South America with North America, about $8 million of its sales drifting into the next financial year and in South America about $10 million of revenue drifting into the next financial