ForFarmers Trading Update third quarter 2016

Die Kernaktivität der Coöperatie FromFarmers besteht in der Verwaltung der Interessen der ForFarmers N.V., deren (Groß-)Aktionär sie ist. Coöperatie FromFarmers teilt mit, dass ForFarmers heute eine Berichterstattung über die Fortschritte des dritten Quartal 2016 veröffentlicht hat.

Highlights third quarter 2016:

  • Volume Total Feed decreased slightly
  • Gross profit: - small growth at constant currencies
                      -  ultimately a decrease due to devaluation of Pound sterling
  • EBITDA growth in line with the improvement in the first half year 2016

ForFarmers has had a strong third quarter (Q3) 2016, with an EBITDA growth in line with the improvement as reported in the first half year 2016. The volume Total Feed that was sold in Q3 (like-for-like) decreased slightly. Revenue decreased due to lower raw material prices, which are passed on to customers, and the translation of the devaluated Pound sterling. Gross profit showed a small increase at constant currencies, but ultimately a decrease was reported due to the currency effect.

“Due to a strong focus on cost control and further implementation of the One ForFarmers program we are on schedule with the realisation of our Horizon 2020 strategy and the earlier disclosed target with respect to an average EBITDA growth of in the mid single digits at constant currencies”, states Yoram Knoop, CEO of ForFarmers.

Click here for the full Press release


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