Interim financial report for 1 January – 31 March 2021 for FirstFarms A/S

SummaryThe Board of Directors and Management of FirstFarms A/S have today reviewed and adopted the un-audited interim financial accounts for the period 1 January – 31 March 2021. Prosperity despite the volatile market conditions FirstFarms has in the accounting period realised a turnover of 76.2 mDKK, an EBITDA of 29.2 mDKK, an EBIT of 16.1 mDKK and a pre-tax result of 10.6 mDKK.EBITDA and EBIT are improved by 3.0 mDKK and 2.0 mDKK, respectively, compared to the same period last...

Billund, 26/05/2021 (informazione.news - comunicati stampa - cibi e bevande)

Summary

The Board of Directors and Management of FirstFarms A/S have today reviewed and adopted the un-audited interim financial accounts for the period 1 January – 31 March 2021.

P rosperity despite the volatile market conditions

FirstFarms has in the accounting period realised a turnover of 76.2 mDKK, an EBITDA of 29.2 mDKK, an EBIT of 16.1 mDKK and a pre-tax result of 10.6 mDKK.

EBITDA and EBIT are improved by 3.0 mDKK and 2.0 mDKK, respectively, compared to the same period last year.

"The result for the first quarter and the slight increase compared to the same period last year are satisfactory in view of the continued uncertainty that characterises the markets. However, we are experiencing trends towards a normalisation of prices and sale of our products, which means that we maintain the expectation of a stable 2021 result and clarify the announced expectations. FirstFarms also maintains focus on risk diversification, development and growth, so that we can fulfil our ambition to become one of Europe's best operated and most profitable companies in the area of agriculture and food products," says Anders H. Nørgaard, CEO of FirstFarms.

Best regards,
FirstFarms A/S

For further information:
Please visit our website www.firstfarms.com or contact CEO Anders H. Nørgaard on telephone +45 75 86 87 87.

About FirstFarms:
FirstFarms is a Danish stock exchange listed company. We operate FirstFarms with responsibility for the surrounding communities, and we deliver highest quality which is primarily sold locally. We act on new opportunities, that create value for our investors and for the surroundings. Every day, we work on creating a more sustainable company.

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