Interim financial report for 1 January - 30 September 2019 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 – 30 September 2019. FirstFarms increases turnover and result significantly based on growth in the pig productionFirstFarms has in the accounting period realised a turnover of DKK 204.0 million compared to DKK 168.4 in the same period in 2018, an EBITDA of DKK 70.0 million and an EBIT of DKK 32.5 million. EBITDA and EBIT are...

Billund, 26/11/2019 (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 – 30 September 2019.

FirstFarms increases turnover and result significantly based on growth in the pig production
FirstFarms has in the accounting period realised a turnover of DKK 204.0 million compared to DKK 168.4 in the same period in 2018, an EBITDA of DKK 70.0 million and an EBIT of DKK 32.5 million. EBITDA and EBIT are improved with DKK 27.2 million and DKK 11.4 million, respectively compared to the same period last year.

Anders H. Nørgaard from FirstFarms A/S says: “It is going well in FirstFarms. Our purchase of companies the last 3 years has generated the expected growth. We now see the effect of our ambitious and sustainable growth strategy, and we expect a solid result for 2019.”

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 operates agriculture in Eastern Europe. We develop the individual farms to modern and sustainable businesses that deliver milk, meat and grains of the highest quality to the consumer's dinner tables.

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