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FFARM — ForFarmers NV News Story

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ForFarmers rises after H1 results beat expectations

BUZZ-ForFarmers rises after H1 results beat expectations

** Shares in ForFarmers FFARM.AS jump 5%, set for their best day since March, after the company's H1 results came in above expectations cited by Degroof Petercam

** The Dutch animal feed maker publishes H1 underlying EBITDA at €84.7 million ($97.77 million), above the €80.1 mln analyst expectations

** Degroof attributes the beat to a favourable price/mix as well as the contribution of M&A

** "Results again demonstrate that ForFarmers can navigate challenging market conditions," the broker adds

** Degroof plans to raise its FY estimates, while maintaining a cautious stance on broader market conditions including raw material volatility and Dutch government nitrogen policy

** Including Thursday's gains, the stock is up 36% YTD

($1 = 0.8663 euros)


(Reporting by Clement Martinot)

((Clement.Martinot@thomsonreuters.com;))

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