Brief: ForFarmers Targets Underlying EBITDA Of EUR 125-135 Mln By 2025

ForFarmers NV

15/09/2020 07:52

Sept 15 (Reuters) - FORFARMERS NV  FFARM.AS :
    * FORFARMERS ANNOUNCES STRATEGY 2025
    * BY 2025 AN UNDERLYING EBITDA BETWEEN EUR 125 MILLION AND
EUR 135
MILLION, AS A RESULT OF BOTH LIKE-FOR-LIKE GROWTH AND
ACQUISITIONS (2019: EUR 88.5 MILLION AND H1 2020: EUR 48.2
MILLION)
    * OPERATIONAL COSTS AT LEAST EUR 10 MILLION LOWER IN 2025
COMPARED
TO 2020
    * A DIVIDEND POLICY, WITH A DISTRIBUTION OF 40%-60% (WAS
40%-50%)
OF UNDERLYING NET PROFIT (AFTER TAX)
    * BY 2025 ANNUAL GROWTH (LIKE-FOR-LIKE, I.E. EXCLUDING
ACQUISITIONS) OF UNDERLYING EBITDA BY 0%-3% (AS OF 2020) IN
CHALLENGING HOME COUNTRIES
    * IS LAUNCHING A TIGHTENED AND AMBITIOUS SUSTAINABILITY
POLICY, AS
PART OF STRATEGY BUILD TO GROW 2025, WITH OBJECTIVE TO REDUCE
ITS CARBON FOOTPRINT OF PRODUCTION OF FEED AND ANIMAL PROTEIN

Source text for Eikon:  ID:nGNE1LB2yS 
Further company coverage:  FFARM.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))