ForFarmers N.V.: Solid first half-year 2017 underpinned by recovery agricultural sector
August 17 2017 - 12:59AM
Lochem, 17 August 2017
Solid first half-year 2017
underpinned by recovery agricultural sector
Highlights first half-year 2017*:
- Volume Total Feed: +3.6% to 4.7 million tonnes,
on growth in the Netherlands and Germany/Belgium and a decrease in
the United Kingdom; first signs of recovery UK agricultural sector
visible, short term forecast still uncertain
- Net revenue: +3.7% to €1,110.6 million
- Gross profit: +0.4% to €207.3 million including
negative currency translation impact (3.2%)
- Operating expenses: -4.0% to €169.1 million,
including currency translation effect (-3.4%), net release
provision bad debts and extension depreciation term
plant, property and equipment; 1H 2016 included expenses
listing and reorganisation charges United Kingdom
- Underlying EBITDA**: +11.7%
to €51.7 million and at constant currencies:
+14.8%
- Profit attributable to the owners: +21.6% to
€30.4 million
- Basic earnings per share: +22.0% to €0.288,
impacted positively by the share buy-back programme
(*) Results first six months of
2017 are compared to the first six months of 2016
(**) Operating result excluding depreciation, amortisation and
incidental items
Yoram Knoop, CEO ForFarmers on solid results first half-year
2017:
'The first half-year results show that
our Total Feed approach is gaining more and more momentum. In our
innovative Total Feed solutions we are combining (feed) products,
advice and tools. Products and advice are aligned with one another
to lead to a better return on the farm.'
Please find attached pdf for the full press release
20170817_Press Release ForFarmers
half-year 2017 results
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ForFarmers N.V. via Globenewswire
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