Brief: Forfarmers FY Underlying EBITDA Came In At €70.0 Million

ForFarmers NV

22/02/2024 06:14

Feb 22 (Reuters) - ForFarmers NV  FFARM.AS :
    * FORFARMERS NV - FY  UNDERLYING EBITDA CAME IN AT €70.0
MILLION
AND UNDERLYING EBIT WAS €32.7 MILLION; THIS WAS LOWER COMPARED
TO 2022 BUT,  AS EXPECTED, H2 SHOWED A STRONG IMPROVEMENT
COMPARED TO BOTH H1 2023 AND H2 2022
    * FORFARMERS NV - FY UNDERLYING NET PROFIT WAS €22.7
MILLION.
THERE WAS A REPORTED NET LOSS OF €1.0 MILLION, MAINLY AS A
RESULT OF ONE-OFF  NON-CASH ITEMS
    * FORFARMERS NV -  DIVIDEND PROPOSAL OF €0.15 PER ORDINARY
SHARE
(2022: €0.20)
    * FORFARMERS NV - FY  TOTAL VOLUME WAS 8.4 MILLION TONNES IN
2023
(2022: 9.0 MILLION TONNES); ADJUSTED FOR BELGIAN VOLUMES,
COMPOUND FEED  VOLUME IN THE SECOND HALF 2023 WAS IN LINE WITH
THE FIRST HALF
    * FORFARMERS NV -  AIMS TO ACHIEVE A CONSOLIDATED RETURN ON 
AVERAGE CAPITAL EMPLOYED (AT THE LEVEL OF UNDERLYING  OPERATING
PROFIT (EBIT)) OF AT LEAST 10% IN 2025

Source text for Eikon:  ID:nGNE1JhbYw 
Further company coverage:  FFARM.AS 

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