UK's Anpario H1 revenue rises 7% on Americas growth
UK's Anpario H1 revenue rises 7% on Americas growth
Overview
UK animal feed additives maker's H1 revenue rose 7% year-on-year to £24.3 mln
Adjusted EPS for H1 climbed 30% to 20.77p, with adjusted EBITDA up 22%
Company completed £3 mln share buyback, with £2.1 mln repurchased during H1
Outlook
Company expects impact from Iran conflict to continue to weigh on Asia sales for rest of yr
Anpario says difficult macroeconomic conditions expected to persist through second half
Company sees growth opportunities from new product launches and market expansion initiatives
Result Drivers
IMEA AND AMERICAS GROWTH - Strong sales growth in the India, Middle East and Africa segment (up 56%) and continued expansion in the Americas, especially the US, drove overall revenue gains
PREMIUM PRODUCT MIX - Record sales from leading brands and a shift toward higher-value products contributed to improved profitability
COST PRESSURES AND PRICING - Cost inflation and logistics challenges from the Middle East conflict were partly offset by disciplined pricing actions and a favourable sales mix
Company press release: ID:nRSI9420Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 24.30 mln |
|
H1 Adjusted EPS |
| GBP 0.21 |
|
H1 Adjusted EBITDA |
| GBP 4.98 mln |
|
H1 Gross Margin |
| 50.40% |
|
H1 Gross Profit |
| GBP 12.24 mln |
|
H1 Pretax Profit |
| GBP 3.76 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Anpario PLC is GBp598.00, about 9.7% above its September 8 closing price of GBp545.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)