ForFarmers B.V.: Solid growth of Total Feed volume and operating profit
(Thomson Reuters ONE) -
Lochem, 22(th) March 2016
ForFarmers: Solid growth of Total Feed volume and operating profit
Earnings per share increase of 5.3% and dividend per share by 32.2%
Highlights 2015:
* Total Feed volume increased by 3.8% to 9.1 million tons. Like-for-like
volume growth increased slightly (+1.3%) in very difficult agricultural
market conditions
* Gross profit increased 7.7% to ? 424.2 million, like-for-like growth 1.8%
(? 6.9 million)
* Operating profit (excluding incidentals) increased by 8.1% to ? 64.4 million
* Profit for the year (IFRS) increased to ? 50.7 million from ? 48.1 million
(2014 Dutch GAAP ? 39.0 million)
* Implementation strategic programme Horizon 2020 and standardisation One
ForFarmers on track
* Further expansion in the United Kingdom with the acquisition of Total Feed
activities of Countrywide Farmers in May 2015
* Proposed dividend per share ? 0.23299 (+32.2%)
* Resolution regarding potential public listing on the Annual General Meeting
agenda on 15(th) April 2016
Yoram Knoop, CEO ForFarmers: "In a year with challenging conditions for the
agricultural sector and our customers, I am pleased with the achievements of
ForFarmers. Volumes, gross profit and profit all increased. With the ongoing
implementation of Horizon 2020, the transformation from a local compound feed
supplier to a leading international feed company is fully underway. Meanwhile,
significant progress has been made and advantages have been realised with our
strategic partnerships. In 2015 ForFarmers has strengthened its position, has
further professionalised the organisation and is ready for the new challenges of
2016."
Please find the attached pdf for the full release
Annual results 2015 Forfarmers Solid growth :
http://hugin.info/171963/R/1996625/735810.pdf
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Source: ForFarmers B.V. via GlobeNewswire
[HUG#1996625]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2016 - 07:09 Uhr
Sprache: Deutsch
News-ID 458997
Anzahl Zeichen: 2623
contact information:
Town:
Lochem
Kategorie:
Business News
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