UK's Fevara H1 operating profit rises 22% on margin gains; sales flat

Fevara

22/04/2026 07:10

Overview

UK livestock supplements maker reported flat H1 revenue yr/yr as product mix shifted

Adjusted operating profit for H1 rose 22% yr/yr, driven by margin improvement and cost savings

Adjusted EPS for H1 more than doubled, helped by higher earnings and fewer shares outstanding

Outlook

Fevara expects no material near-term impact from current geopolitical developments

Company confident in delivering full-year results in line with market expectations

Fevara targets at least £120m annual revenue, £15m EBITDA, 10% EBIT margin, 20% ROCE medium-term

Result Drivers

LMB VOLUME GROWTH - Co said 6% yr/yr growth in Low Moisture Block volumes, especially in UK/Europe, supported profit improvement

COST CONTROL - Co reported a 27% reduction in central costs, reflecting ongoing cost-saving measures

PRODUCT MIX SHIFT - Planned reduction in lower-margin minerals products in UK/Ireland offset LMB gains, supporting margin improvement

Company press release: ID:nRSV3902Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted Revenue
GBP 50.57 mln
H1 Adjusted EPS
GBP 0.11
H1 Adjusted Operating Profit
GBP 7.20 mln
H1 Adjusted Pretax Profit
GBP 7 mln
H1 Basic EPS
GBP 0.09


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 Fevara PLC is GBp190.00, about 50.2% above its April 21 closing price of GBp126.50

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)