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FFARMS — FirstFarms A/S News Story

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Brief: FirstFarms Applies For Regional Subsidy, Raises Expectations

July 11 (Reuters) - FirstFarms A/S FFARMS.CO:

APPLIES FOR REGIONAL SUBSIDY AND ADJUST THE EXPECTATIONS UPWARDS FOR THE YEARS RESULT IN CONNECTION WITH FOOT AND MOUTH DISEASE

SUBSIDY IS EXPECTED TO BE BETWEEN 40-55 MDKK

FULL SUBSIDY IS EXPECTED TO BE PAID OUT IN 2025.

EXPECTATION THAT OUR APPLICATION WILL BE POSITIVELY RECEIVED

SUBSIDY WILL, TO A LESSER EXTENT, AFFECT RESULT FOR 2025

EXPECTS IN 2025: * AN EBITDA OF 85-125 MDKK. LATEST EXPECTATION WAS 70-110 MDKK.

EXPECTS IN 2025: AN EBIT OF 15-55 MDKK. LATEST EXPECTATION WAS 0-40 MDKK.

Source text: ID:nGNEQYNnF

Further company coverage: FFARMS.CO

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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