Netherlands' ForFarmers H1 profit jumps on strong performance in key markets
Netherlands' ForFarmers H1 profit jumps on strong performance in key markets
Overview
Netherlands animal feed supplier's H1 2026 volume grew 5.1%, gross profit up 12.6% yr/yr
Underlying net profit for H1 2026 rose 59.4% yr/yr, driven by NL, Germany, Poland
Company received approval for Polish joint venture, expects completion in the fall
Outlook
ForFarmers plans to announce new financial targets at year-end Capital Markets Day
Company expects to complete Polish joint venture transaction in the fall
ForFarmers sees further consolidation opportunities in the Polish poultry market
Result Drivers
REGIONAL PERFORMANCE - Co said profit growth was primarily driven by strong results in the Netherlands, Germany and Poland
VOLUME DEVELOPMENT - Co said positive volume development and strengthened market positions contributed to results
INNOVATION AND SUSTAINABILITY - Co said ongoing investment in innovation and sustainability in the Netherlands supported results
Company press release: ID:nGNE3z3b4l
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted Net Income |
| EUR 37.30 mln |
|
H1 Adjusted Free Cash Flow |
| EUR 44.90 mln |
|
H1 Gross Profit |
| EUR 327.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy."
Wall Street's median 12-month price target for ForFarmers NV is €7.88, about 36.2% above its August 5 closing price of €5.78
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Aug 5 - Elanco Animal Health beats Q2 revenue estimates, raises FY guidance
Aug 6 - Brazil's poultry glut to pressure JBS, MBRF margins, JPMorgan says
Aug 5 - Finland's HKFoods Q2 net sales rise on retail growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)