Brief: Firstfarms Ups FY EBITDA Expectations To DKK 110-140 Mln

FirstFarms A/S

02/11/2022 07:31

Nov 2 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * FIRSTFARMS A/S ADJUSTS UPWARDS EXPECTATIONS TO YEAR'S
RESULT
    * AS A RESULT OF GOOD MARKET CONDITIONS FOR CROPS AND MILK
AS WELL
AS HIGH EFFICIENCY IN ALL OPERATIONS, FIRSTFARMS A/S ADJUSTS
UPWARDS ITS EXPECTATIONS FOR YEAR'S RESULT
    * ANNOUNCED EXPECTATIONS ARE RAISED WITH 20 MDKK AT BOTTOM
OF
ANNOUNCED EXPECTATIONS AND 10 MDKK AT TOP
    * SPREAD IS THUS NARROWED BY 10 MDKK TO AN EBITDA OF 110-140
MDKK
AGAINST PREVIOUSLY 90-130 MDKK AND EBIT OF 65-95 MDKK AGAINST
PREVIOUSLY 45-85 MDKK
    * HAS SUCCEEDED IN KEEPING COSTS DOWN WHILE SALES PRICES
HAVE BEEN
INCREASING

Source text for Eikon:  ID:nGNE6nC82t 
Further company coverage:  FFARMS.CO 
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