ForFarmers : FY 2023 results strongly impacted by low volumes
>-10% of revenue growth, -8% of und. EBITDA growth - Revenue came out 10% lower with consensus (Bloomberg) and 10% lower vs last year. Gross profit came out -1.7% below consensus and 3.5% lower than last year, with an improving development through the course of the year, due to fall in raw material prices and the positive development of the local approach. Underlying EBITDA increased by 10.9% vs consensus (css at € 63m vs FY 2023 at € 70m and FY 2022 at € 76m), and -8...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.