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)