Brief: ForFarmers Q1 Gross Profit Up 2.7% To EUR 124 Mln

ForFarmers NV

02/05/2024 06:35

May 2 (Reuters) - ForFarmers NV  FFARM.AS :
    * Q1 GROSS PROFIT UP 2.7% TO EUR 124 MLN
    * FORFARMERS CONTINUES TO FOCUS ON ITS LOCAL APPROACH,
GROWING AND
ATTRACTIVE MARKETS, AND COST CONTROL
    * Q1 INCREASE IN OPERATING PROFITABILITY COMPARED TO Q1 2023
    * Q1 UNDERLYING EBIT UP 178.9% AND UNDERLYING EBITDA UP
55.4%,
REFLECTING HIGHER GROSS MARGIN AND LOWER OPERATING EXPENSES
    * Q1 TOTAL VOLUME, ADJUSTED FOR BELGIAN VOLUMES SOLD IN 2023
AND
ACQUIRED PIAST VOLUMES, INCREASED BY 0.2% VERSUS Q1 2023
    * Q1 REVENUE 690.3 MILLION EUROS

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Further company coverage:  FFARM.AS 

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