REG - Anpario PLC - AGM Statement

AnparioAnnouncement

25/06/2024 07:00

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RNS Number : 6762T  Anpario PLC  25 June 2024

Anpario plc
("Anpario", "Group" or the "Company")

 

AGM Statement

 

 

Anpario plc, the independent manufacturer of natural sustainable animal feed
additives for health, nutrition and biosecurity, is holding its AGM later
today, at which Matthew Robinson, Chairman, will make the following statement:

 

"The Group has delivered a strong sales performance and a corresponding
improvement in profit in the first half of the year as the global agriculture
market continues to improve and we are confident of achieving market
expectations for the full year. There are still challenges to navigate and as
highlighted at the time of our 2023 full year results announcement on 20 March
2024, we expected individual territory performance to be variable. In contrast
to the strong first half performances last year in the United States and
Australia, both territories have experienced weaker trading in the current
period. However, all other regions have delivered strong sales growth with
notable performances from Asia Pacific, Middle East and Africa and South
America, demonstrating the resilience afforded by our geographic diversity.

 

The Group's business development initiatives are centred around expanding in
the ruminant and aquaculture sectors as well as working with several partners
in pet food where we can offer natural sustainable solutions. Our unique
water-soluble phytogenic product Orego-Stim® Forte, for aquatic species,
continues to show excellent field trial results, especially for inhibiting the
growth of Vibrio species of bacteria in the absence of antibiotics. As such we
are experiencing strong interest for this product from across the aquaculture
industry.

 

Raw material prices have stabilised and together with increased volumes
through our highly automated production facility we are delivering improved
gross margins and profitability. Our cash position has improved further since
the year end, with a balance of £12.2m as at 31 May 2024, giving us a strong
financial position with which to continue to grow the business, both
organically and through acquisitions, should the right opportunities arise."

 

The Company's interim results for the six months period ended 30 June 2024 are
expected to be announced on 11 September 2024.

 

 

 

Enquiries

 

 Anpario plc
 Richard Edwards, Chief Executive Officer  +44(0)7776 417 129
 Marc Wilson, Group Finance Director       +44(0)1909 537 380

 Shore Capital
 (Nominated Adviser and Broker)            +44 (0) 20 7408 4090
 Stephane Auton                            Corporate Advisory
 David Coaten
 Tom Knibbs
 Henry Willcocks                           Corporate Broking

 

 

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