Brief: Forfarmers : H1 Gross Profit Up 2.5% To 219.5 Million Euros

ForFarmers NV

13/08/2020 06:08

Aug 13 (Reuters) - FORFARMERS NV  FFARM.AS :
    * FORFARMERS N.V.: FORFARMERS 2020 FIRST-HALF RESULTS
    * H1 GROSS PROFIT: +2.5% TO EUR 219.5 MILLION; COMPARED TO
DEPRESSED H1 2019 (PURCHASING POSITION) AND DUE TO IMPROVED
PRODUCT MIX WITH FOCUS ON SPECIALTIES
    * FORFARMERS FORECASTS THAT UNDERLYING EBITDA AND NET PROFIT
IN
2020 WILL COMFORTABLY EXCEED WEAK RESULT IN 2019,
    * H1 UNDERLYING EBITDA : +34.6% TO EUR 48.2 MILLION; RISE IN
GROSS
PROFIT AND COST SAVINGS DUE TO EFFICIENCY MEASURES TAKEN
    * H1 NET CASH FLOW FROM OPERATING ACTIVITIES: ALMOST TRIPLED
TO
EUR 14.2 MILLION
    * CAPITAL EXPENDITURE WILL AMOUNT TO AROUND €30 MILLION IN
2020

Source text for Eikon:  ID:nGNE3kC71f 
Further company coverage:  FFARM.AS 

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