ForFarmers : Balance sheet used as feed ForInvestors
>3Q21 recap: disappointing - ForFarmers presented a disappointing trading update, with 3Q21 underlying EBITDA down 22%, marking an accelerating and sequential decline (1H21: -15.4%, 1Q21: -12.8%). Total feed volumes were down 1.4% (1H21: -0.5%) as a result of a tough Dutch market (smaller animal herd sizes) and the implications from a competitive UK market. On top of the disappointing trading update, ForFarmers withdrew its FY21 underlying EBITDA guidance (see below)....ForFarmers NV is an agricultural feed company based in the Netherlands that offers feed solutions for conventional and organic livestock farming. Its product portfolio comprises, among others, products for crop farming and pasture farming, as well as feed for the ruminant, swine, poultry and equine sectors, including compound feed and blends, feed for young animals and specialties, raw materials and co-products to seed and fertilizers. Its core activities are feed production, logistics and the provision of total feed solutions. The Company operates through the segments The Netherlands, Germany/Belgium and the United Kingdom, and operates approximately 40 production facilities in these countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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