Interim financial report for 1 January - 31 March 2020 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 2020. Growth in the turnover and stable result, despite unstable market conditions. FirstFarms has in the accounting period realised a turnover of DKK 82.6 million, an EBITDA result of DKK 26.2 million, an EBIT result of DKK 14.2 million and a pre-tax result of DKK 6.9 million. EBITDA and EBIT are improved by DKK...

Billund, 28/05/2020 (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 2020.

Growth in the turnover and stable result, despite unstable market conditions.

Anders H. Nørgaard from FirstFarms A/S says: ”The result for the first quarter is satisfactory. There is uncertainty and nervousness on the markets at the moment. We still expect a stable result and a normalisation of prices and sale of our products.”

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, which purchases and operation agriculture in Eastern Europe. We develop the individual farms to modern businesses that deliver milk, meat and grains of the highest quality to the local food processing companies. FirstFarms contributes to, and approves, the development towards a more sustainable agriculture.

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