ForFarmers: Unfavourable market conditions dent shares post H1

ForFarmers NV

15/08/2019 10:11

** Shares in Dutch feed company ForFarmers  FFARM.AS  slide
5% and hit 3-year low
    ** According to KBC analyst Guy Sips, the negative stock
reaction can largely be explained by unfavourable market
conditions
    ** He points to negative effects of the volume decline and
unfavourable purchasing position in H1 and adds that volatility
in raw material prices and on the FX markets is expected to
continue
    ** The company posts a 31.5% drop in underlying core profit
to EUR 35.8 mln  urn:newsml:reuters.com:*:nFWN25B009
    ** The ongoing Brexit uncertainty and the trade relations
between US and China also put pressure on the stock, Sips adds
    
    



 ((masha.trybus@thomsonreuters.com))