Brief: Forfarmers Q3 Underlying EBITDA Up 6.9%

ForFarmers NV

31/10/2019 06:19

Oct 31 (Reuters) - FORFARMERS NV  FFARM.AS :
    * REG-FORFARMERS N.V.: FORFARMERS THIRD QUARTER 2019 TRADING
UPDATE
    * Q3 UNDERLYING EBITDA(3): INCREASE OF 6.9% (INCLUDING A
POSITIVE
IFRS 16 EFFECT OF 6.6%)
    * UNDERLYING EBITDA, UNDERLYING EBIT AND UNDERLYING NET
PROFIT FOR
FULL YEAR 2019 WILL BE LOWER THAN IN 2018 BECAUSE DECLINE OF
RESULTS IN FIRST-HALF OF 2019
    * Q3 VOLUME TOTAL FEED: SMALL DECLINE (-0.6%); CONTRIBUTION
OF
ACQUISITIONS COULD NOT FULLY OFFSET LIKE-FOR-LIKE VOLUME DECLINE
    * Q3 GROSS PROFIT NEARLY STABLE (0.4%); CONTRIBUTION OF
ACQUISITIONS ABOUT EQUAL TO LIKE-FOR-LIKE DECLINE, SUBSTANTIAL
IMPROVEMENT COMPARED TO H1 2019

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

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