Brief: ForFarmers H1 Underlying EBITDA Down At 35.8 Million Euros

ForFarmers NV

15/08/2019 06:06

Aug 15 (Reuters) - FORFARMERS NV  FFARM.AS :
    * REG-FORFARMERS N.V.POSTS 2019 FIRST HALF-YEAR RESULTS
    * H1 UNDERLYING EBITDA : -31.5% TO €35.8 MILLION
    * H1 GROSS PROFIT: -1.7% TO €214.1 MILLION
    * H1 TOTAL FEED VOLUME: +5.2% TO 5.1 MILLION TONNES
    * H1 COMPOUND FEED VOLUME (PART OF TOTAL FEED): +7.2% TO 3.6
MILLION TONNES
    * H1 UNDERLYING PROFIT: -61.5% TO €11.9 MILLION
    * THE RESULTS FOR THE FIRST-HALF OF 2019 WERE DISAPPOINTING,
BUT
IN LINE WITH OUR EXPECTATIONS - CEO
    * EFFICIENCY PLANS 2019-2020 FOR COST SAVINGS OF €10 MILLION
IN
2021 ON TRACK
    * INVESTMENT PLAN FOR 2019 ADJUSTED FROM €50 MILLION TO €40
MILLION
    * UNDERLYING EBITDA, UNDERLYING EBIT AND UNDERLYING PROFIT
EXPECTED TO BE LOWER IN 2019 THAN IN 2018

Source text for Eikon:  ID:nGNE7WRDw7 
Further company coverage:  FFARM.AS 

 (Gdynia Newsroom)
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