Report
Eric Wilmer

ForFarmers : Climate remains challenging for farmers

>FY22 recap: weak volumes and EBITDA - ForFarmers reported a soft set of FY22 results, with underlying EBITDA coming in 2% below company compiled css. Cash generation was also weaker than expected, resulting in ND/EBITDA gradually increasing further (0.9x vs AAOBe 0.7x) without any M&A. Regionally, the NL/BE cluster performed softer than we expected (both volumes and EBITDA), with Germany/Poland showing better profitability on the back of Polish poultry volumes growin...
Underlying
Forfarmers

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Eric Wilmer

Other Reports on these Companies
Other Reports from Oddo BHF
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

ResearchPool Subscriptions

Get the most out of your insights

Get in touch