Brief: Firstfarms FY Result Before Tax Improves to DKK 31 Mln

FirstFarms A/S

25/03/2021 07:24

March 25 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-ANNUAL REPORT 2020 FOR FIRSTFARMS A/S
    * RECOMMENDS, THAT DIVIDEND IS RESUMED AND DISTRIBUTE 5.675
MDKK
(0.75 DKK PER SHARE) IN DIVIDEND.
    * IN 2020, A PROFIT AFTER TAX OF 25 MDKK IS REALISED
    * IN 2021, EXPECTS A SLIGHT INCREASE IN EBITDA TO LEVEL OF
85-115
MDKK AND IN EBIT TO LEVEL OF 35-65 MDKK.
    * FY NET TURNOVER DKK 312.6 MILLION VERSUS DKK 328.1 MILLION
YEAR
AGO
    * ROBUST YEAR WITH UNCHANGED PRICES ON PAR WITH AVERAGE
PRICES
ACHIEVED IN 2020 IS EXPECTED.
    * FY EBIT DKK 54.2 MILLION VERSUS DKK 48.4 MILLION YEAR AGO
    * 2020 RESULT BEFORE TAX IS 31 MDKK, WHICH IS IMPROVED BY 2
MDKK
COMPARED TO 2019

Source text for Eikon:  ID:nGNE7s46X9 
Further company coverage:  FFARMS.CO 

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