REG - Anpario PLC - Full Year Trading Statement

AnparioAnnouncement

26/01/2022 07:05

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RNS Number : 6308Z  Anpario PLC  26 January 2022

Anpario plc

("Anpario" or the "Group")

 

Full Year Trading Statement

 

Anpario, the independent manufacturer of natural sustainable animal feed
additives for health, nutrition and biosecurity, provides the following
trading update for the year ended 31 December 2021.

 

Trading update

The Group has delivered a strong operating performance despite a number of
challenges in global markets and supply chains due to the pandemic. Earnings
are expected to be in line with current market expectations with full year
sales expected to be not less than £33m.

 

Sales growth has been achieved across all of our regions, Asia, Europe,
Middle-East and Africa (MEA) and the Americas. Some territories are still
experiencing weakness linked to the pandemic, particularly in parts of MEA and
Asia. However, a number of key market developments have provided MEA with the
strongest segment growth, helping it recover from the previous year. The
impact in Asia of lock-downs and reduced tourism was more than offset by
strong performances in China and Australasia.

 

We have continued to experience increased logistics and raw material price
inflation, the cost of which is being passed on through sales price increases.
We are seeing some encouraging signs that cost price inflation has begun to
stabilise and the improving international travel situation will help our sales
teams drive new business development initiatives.

 

The Board would like to thank all stakeholders, especially our staff around
the world, who have adapted to new ways of working and put every effort into
ensuring continued production and delivery of our products to customers and
our subsidiaries around the world.

 

Financial position

Our financial position remains very strong with year-end cash balances of
£15.5m (31 Dec 2020: £15.8m). Global logistics challenges led us to absorb
cash into working capital, particularly through the first part of the year, to
ensure local supply to our customers. Through H2 we have increased cash by
£0.9m, after £2.1m of dividend payments and further capital investments of
£0.9m, including the Solar Panel installation to reduce our carbon emissions.

 

Final results date

The Group expects to announce its final results for the year ended 31 December
2021 on 16 March 2022.

 

 

Enquiries:

 

 Anpario plc
 Richard Edwards, CEO                 +44(0) 777 6417 129
 Marc Wilson, Group Finance Director  +44(0) 1909 537380

 

 Peel Hunt LLP (Nomad and broker)  +44 (0)20 7418 8900
 Adrian Trimmings
 Andrew Clark
 Lalit Bose

 

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