Brief: FirstFarms Q1 EBIT Rises To DKK 16.1 Million

FirstFarms A/S

26/05/2021 06:44

May 26 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-INTERIM FINANCIAL REPORT FOR 1 JANUARY – 31 MARCH 2021
FOR
FIRSTFARMS A/S
    * Q1 TURNOVER DKK 76.2  MILLION VERSUS DKK 82.6 MILLION YEAR
AGO
    * CLARIFIES ANNOUNCED EXPECTATIONS FOR 2021
    * RESULT FOR Q1 AND SLIGHT INCREASE COMPARED TO SAME PERIOD
LAST
YEAR ARE SATISFACTORY IN VIEW OF CONTINUED UNCERTAINTY THAT
CHARACTERISES MARKETS
    * Q1 EBIT DKK  16.1 MILLION VERSUS DKK 14.2 MILLION YEAR AGO
    * NOW SEES 2021 EBITDA IN LEVEL OF 95-115 MDKK
    * WE ARE EXPERIENCING TRENDS TOWARDS A NORMALISATION OF
PRICES AND
SALE OF OUR PRODUCTS, WHICH MEANS THAT WE MAINTAIN EXPECTATION
OF A STABLE 2021 RESULT AND CLARIFY ANNOUNCED EXPECTATIONS
    * NOW SEES 2021 EBIT OF 45-65 MDKK
    * REMAINING PART OF ONGOING LAND SALE IN WEST ROMANIA IS
EXPECTED
TO BE COMPLETED IN TRANCHES BY END OF 2021
    * PREVIOUS GUIDANCE: 2021 EBITDA OF DKK 85-115 MILLION, EBIT
DKK
35-65 MILLION

Source text for Eikon:  ID:nGNE8nmDz6 
Further company coverage:  FFARMS.CO 

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