Rokiskio Suris H1 sales fall on fermented cheese weakness
Rokiskio Suris H1 sales fall on fermented cheese weakness
Overview
Dairy producer's H1 sales fell 18% yr/yr to EUR 173.2 mln
Net profit for H1 declined slightly, but net profitability improved to 5.58%
H1 EBITDA decreased to EUR 15.8 mln from EUR 17.7 mln a year earlier
Outlook
AB Rokiškio sūris targets a 5% annual increase in milk bought and processed and a 3% net annual yield
Result Drivers
DAIRY PRICE DEFLATION – H1 sales fell 18.25% to EUR173.2 mln, largely as lower dairy-product prices reduced selling prices across markets
FERMENTED CHEESE DECLINE – Sales volumes fell 10% and value sales dropped 24% for fermented cheeses, the Group's largest revenue category
RAW-MILK COST RELIEF – Cost of sales fell 20.7% to EUR148.5 mln as lower volumes and raw-milk purchase prices offset revenue pressure
Company press release: ID:nGNE2jhqkg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Sales |
| EUR 173.20 mln |
|
H1 Net Income |
| EUR 9.66 mln |
|
Analyst Coverage
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 35 three months ago
Reuters Recommended Reads
Aug 31 - Lithuanian asset manager Invalda's H1 net profit drops
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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