ForFarmers N.V.: ForFarmers: Extra update results due to positive developments abroad
July 08 2022 - 12:55AM
ForFarmers N.V.: ForFarmers: Extra update results due to positive
developments abroad
Lochem, 8 July 2022
ForFarmers: Extra update results due to positive
developments abroad
ForFarmers expects that, due to the positive developments in
countries outside of the Netherlands, underlying EBITDA in the
first half-year 2022 will be slightly higher than the relatively
low level in the first half of 2021. The previously disclosed
expectation was a substantial decline of mentioned
result.
In the First Quarter 2022 Trading Update of 6 May 2022,
ForFarmers announced that some movement could be seen in the food
chain with respect to passing on the higher raw material, energy
and fuel costs. However, at the time it was too soon to draw any
conclusions from this. It has since become clear that this trend
has continued in a broad sense.
Considering the continuing uncertainties with respect to
availability and consequentially prices of raw materials, energy
and fuel and on top of that the uncertain political climate in the
Netherlands with respect to the agricultural sector, ForFarmers
does not provide guidance for the development of underlying EBITDA
in the second half-year of 2022.
The results of the first half-year 2022 will be published on 11
August, before opening of the stock exchange.
This press release contains information that qualifies as inside
information in the sense of Article 7 paragraph 1 of the EU Market
Abuse Regulation.
This press release can also be downloaded from the
ForFarmers website via this link.
Note to the editor / For additional
information: Caroline Vogelzang, Director Investor
Relations T: 0031 573 288 000 M: 0031 6 10 94 91
61E: caroline.vogelzang@forfarmers.eu
About ForFarmers N.V. ForFarmers N.V. is
an international organisation that provides complete innovative
feed solutions to the livestock farming industry. With its ‘For the
Future of Farming’ mission ForFarmers is committed to the
continuity of farming and to further increasing the sustainability
of the agricultural sector. ForFarmers is the market leader in
Europe with annual sales of around 10 million tonnes of animal
feed. The company is active in the Netherlands, Belgium, Germany,
Poland and the United Kingdom. ForFarmers has approximately 2,500
employees. In 2021 revenue amounted to approximately €2.7
billion. ForFarmers N.V. is listed on Euronext
Amsterdam.
ForFarmers N.V., P.O. Box 91, 7240 AB Lochem, T: +31 (0)573 28
88 00, F: +31 (0)573 28 88 99, info@forfarmers.eu,
www.forfarmersgroup.eu
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements,
including those relating to ForFarmers legal obligations in terms
of capital and liquidity positions in certain specified scenarios.
In addition, forward-looking statements, without limitation, may
include such phrases as “intends to”, "expects“, “takes into
account”, "is aimed at “, ''plans to”, "estimated" and words with a
similar meaning. These statements pertain to or may affect matters
in the future, such as ForFarmers future financial results,
business plans and current strategies. Forward-looking statements
are subject to a number of risks and uncertainties, which may mean
that there could be material differences between actual results and
performance and expected future results or performances that are
implicitly or explicitly included in the forward-looking
statements. Factors that may result in variations on the current
expectations or may contribute to the same include but are not
limited to: developments in legislation, technology, jurisprudence
and regulations, share price fluctuations, legal procedures,
investigations by regulatory bodies, the competitive landscape and
general economic conditions. These and other factors, risks and
uncertainties that may affect any forward-looking statements or the
actual results of ForFarmers, are discussed in the last published
annual report. The forward-looking statements in this press release
are only statements as of the date of this document and ForFarmers
accepts no obligation or responsibility with respect to any changes
made to the forward-looking statements contained in this document,
regardless of whether these pertain to new information, future
events or otherwise, unless ForFarmers is legally obliged to do
so.
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