Origin Enterprises Plc Update to Full Year Outlook (5378K)
May 06 2022 - 2:00AM
UK Regulatory
TIDMOGN
RNS Number : 5378K
Origin Enterprises Plc
06 May 2022
Origin Enterprises plc
UPDATE TO FULL YEAR OUTLOOK
6 May 2022: Origin Enterprises plc ('Origin' or 'the Group')
today issues a trading update and earnings guidance for the year to
31 July 2022 ('FY 2022') in advance of its Capital Markets Day on
10 May 2022. This update is provided before the Group's third
quarter trading update, for the period to 30 April 2022 ('Q3'),
which will be published on 15 June 2022.
Full Year Outlook
As outlined in the Trading Update of 8 April 2022, the Group
experienced strong trading across all three segments, which has
continued through Q3. The war in Ukraine and ongoing global energy
and supply challenges have resulted in exceptional price volatility
for both agricultural outputs and fertiliser raw materials.
Continued strong on-farm sentiment and favourable weather
conditions in the key application window have supported us in
successfully navigating this price volatility across all segments.
As a result, the Group now expects to deliver higher full year
fully adjusted diluted earnings per share for FY 2022 in the range
of 49 to 57 cent (excluding any impact of the on-going share
buyback programme).
Capital Markets Day
The Group's 2022 Capital Markets Day for analysts and
institutional investors will take place on Tuesday, 10 May at the
offices of Numis, 45 Gresham Street, London EC2V 7BF, between
14:00-17:00 BST. Hosted by Sean Coyle, Group CEO and TJ Kelly,
Group CFO, together with senior leaders from across the business,
the team will present the Group's key medium-term strategic,
financial and operational objectives. No material new information
will be provided on current trading at the Capital Markets Day
further to today's trading update.
Details for the event, which will also be streamed via live
webcast, are available at:
https://originenterprises.com/capital-markets-day-2022
ENDS
This announcement contains inside information. The person
responsible for arranging release of this announcement on behalf of
Origin is Barbara Keane, Company Secretary & General
Counsel.
Enquiries
Origin Enterprises plc
TJ Kelly
Chief Financial Officer Tel: +353 (0)1 563 4959
Brendan Corcoran
Head of Investor Relations Tel: +353 (0)1 563 4900
About Origin Enterprises plc
Origin Enterprises plc is an international Agri-Services group,
providing specialist agronomy advice, crop inputs and digital
agricultural solutions to farmers, growers, landscapers and amenity
professionals. The Group has leading market positions in Ireland,
the United Kingdom, Brazil, Poland, Romania and Ukraine. Origin is
listed on the Euronext Growth (Dublin) and AIM markets of the Irish
and London Stock Exchanges.
Euronext Growth (Dublin) ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com
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END
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