Company Announcement no 1 2019 - Idavang 2018 Annual account and Q4 2018 Interim Report

  The herd valuation in Q4 increased with 2,431 kEUR (compared to Q3 2018). The increase is mainly due to increasing prices of 7 kg and 30 kg pigs (-7,479kEUR for Q4 2017).     Free cash flow was 136 kEUR in Q4 2018 (Q4 2017: 800 kEUR).   The insurance payment for the ASF outbreak on...

  

The herd valuation in Q4 increased with 2,431 kEUR (compared to Q3 2018). The increase is mainly due to increasing prices of 7 kg and 30 kg pigs (-7,479kEUR for Q4 2017).  
  

Free cash flow was 136 kEUR in Q4 2018 (Q4 2017: 800 kEUR).
  

The insurance payment for the ASF outbreak on Skabeikiai fully paid compensated all the cost, and the effect on 2018 financial accounts is therefore neutral.

Selected financial highlights and key ratios

EUR Millions	Q4 2018	Q4 2017	2018	2017
Total Revenue	24.592	24.895	99.518	109.596
EBITDA	4.535	-4.802	17.636	21.608
EBITDA Margin	18,4%	-19,3%	17,7%	19,7%
EBITDA fixed herd price	2.104	2.677	15.080	26.653
EBITDA margin fixed herd price	8,6%	10,8%	15,2%	24,3%
Net income	-24	-9.560	1.213	6.062
Free cash flow	136	800	-237	19.239
Net interest-bearing debt	78.319	72.989	78.319	72.993

Further information

Bondholders - Claus Baltsersen, CEO phone +370 (685) 34 104

Media - Jytte Rosenmaj, Deputy Chairman phone +45 26 73 46 99

Attachments

• Company announcement no 1 2019 Q4 2018 Idavang Interim Report - updated
• Idavang Annual Report 2018