Brief: Forfarmers Gives Q1 2020 Trading Update

ForFarmers NV

01/05/2020 06:00

May 1 (Reuters) - ForFarmers NV  FFARM.AS :
    * FORFARMERS GIVES Q1 2020 TRADING UPDATE
    * IN Q1 OF 2020 A "SUBSTANTIAL INCREASE IN UNDERLYING EBITDA
WAS
REALISED"
    * GROSS PROFIT: UP (4.4%); IN Q1 2019 INCLUDED AN
UNFAVOURABLE
PURCHASING POSITION
    * EXPECT TO REALISE A BETTER UNDERLYING EBITDA IN FIRST
HALF-YEAR
2020 COMPARED TO FIRST HALF OF 2019
    * "IN LIGHT OF INCREASED UNCERTAINTIES DUE TO COVID-19, WE
REFRAIN
FROM EXPRESSING ANY FURTHER EXPECTATIONS"
    * UP TO NOW CO SEEN NO MATERIAL IMPACT OF COVID-19 MEASURES
ON
CORE PROCESSES
    * Q1 VOLUME TOTAL FEED DOWN (-5.3%); LIKE-FOR-LIKE DECLINE
IN ALL
CLUSTERS
    * Q1 2020 VOLUME COMPOUND FEED DOWN (-3.8%)
    * Q1 2020 UNDERLYING EBITDA UP 44.1%

Source text for Eikon:  ID:nGNE3JWynl 
Further company coverage:  FFARM.AS 

 ((Reuters.Briefs@thomsonreuters.com;))