UK's Genus FY26 revenue falls 2%, misses estimates
UK's Genus FY26 revenue falls 2%, misses estimates
Overview
UK animal genetics firm's preliminary FY26 revenue fell 2%, missing analyst expectations
Adjusted operating profit for FY26 slightly beat analyst expectations; adjusted pretax profit missed
Company announced £60 mln share buyback to be completed during FY27
Outlook
Genus expects FY27 adjusted PBT in line with consensus and moderately above normalised FY26
Company expects moderate adjusted operating profit growth in both PIC and ABS divisions in FY27
FY27 profit growth expected to be second half weighted due to first half market challenges
Result Drivers
PIC CHINA JV IMPACT - Co said revenue decline was mainly due to deconsolidation of PIC China after transfer to joint venture
STRONG PIC PERFORMANCE - Adjusted operating profit growth driven by strong trading in PIC, especially in China and Latin America, and milestone payment from BCA
ABS VAP BENEFITS - Value Acceleration Programme initiatives in ABS offset impact of lower global dairy prices
Company press release: ID:nRSJ1420Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted Revenue | Miss | GBP 658.10 mln | GBP 668.28 mln (12 Analysts) |
FY Adjusted Operating Profit | Slight Beat* | GBP 94.80 mln | GBP 94.11 mln (11 Analysts) |
FY Adjusted Pretax Profit | Miss | GBP 100.20 mln | GBP 106.70 mln (12 Analysts) |
FY Adjusted Free Cash Flow |
| GBP 62 mln |
|
FY Dividend |
| GBP 0.35 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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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.)