UK's Wynnstay H1 profit climbs as Project Genesis boosts margins
UK's Wynnstay H1 profit climbs as Project Genesis boosts margins
Overview
UK agricultural supplier's H1 revenue was flat, with adjusted operating profit up nearly 10%
Adjusted EPS rose 15.5% as Project Genesis drove improved margins and efficiency
Company increased interim dividend, citing stronger cash generation and balance sheet
Outlook
Company says trading in H2 has started in line with board expectations
Wynnstay expects full-year results in line with current market expectations, improving on FY25
Company highlights strong fertiliser order book and continued operational improvements
Result Drivers
PROJECT GENESIS - Operational efficiencies, cost base reductions, and improved commercial execution under Project Genesis drove higher profitability across the group
FEED & GRAIN IMPROVEMENT - Profitability in Feed & Grain rose due to the unified GrainLink trading platform, improved margins, and closure of loss-making operations
ARABLE GROWTH - Higher manufactured fertiliser volumes and the Avonmouth blending facility supported improved profit in Arable
Company press release: ID:nRSc0544Ka
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 304.10 mln |
|
H1 Net Income |
| GBP 4.93 mln |
|
H1 Adjusted Operating Profit |
| GBP 5.80 mln |
|
H1 Adjusted Pretax Profit |
| GBP 6 mln |
|
H1 Gross Profit |
| GBP 42.30 mln |
|
H1 Operating Profit |
| GBP 6.10 mln |
|
H1 Pretax Profit |
| GBP 6.20 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Wynnstay Group PLC is GBp500.00, about 42.9% above its June 26 closing price of GBp350.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
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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.)