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ForFarmers NV (FFARM.AS)

FFARM.AS on Amsterdam Stock Exchange

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17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Forfarmers Appoints Cees De Jong As New Chairman
Thursday, 26 Apr 2018 01:03am EDT 

April 26 (Reuters) - FORFARMERS NV ::APPOINTMENT OF CEES DE JONG AS NEW CHAIRMAN OF FORFARMERS SUPERVISORY BOARD.APPOINTMENT TO TAKE EFFECT AFTER GENERAL MEETING OF SHAREHOLDERS THAT WILL TAKE PLACE TODAY.MR DE JONG WILL SUCCEED MR JAN EGGINK.  Full Article

Forfarmers FY Gross Profit Up At 419.8 Million Euros
Tuesday, 13 Mar 2018 01:58am EDT 

March 13 (Reuters) - Forfarmers Nv ::FY GROSS PROFIT: UP 3.0% TO EUR 419,8 MILLION.FY REVENUE EUR 2.21‍​ BILLION VERSUS EUR 2.11 BILLION YEAR AGO.2017 ‍UNDERLYING EBITDA: UP 8.3% TO EUR 101.4 MILLION ON LIKE-FOR-LIKE GROWTH​.‍EXPECT TO BE ABLE TO CLOSE TRANSACTION FOR ACQUISITION OF 60 PERCENT OF TASOMIX IN COMING MONTHS​.PROPOSES DIVIDEND OF EUR 0.30 PER ORDINARY SHARE‍​.EXPECTS TO INVEST APPROXIMATELY €40 MILLION TO €45 MILLION (2017: €38.2 MILLION) IN 2018 IN SUPPLY CHAIN OPTIMISATION PLANS‍​.REITERATES ITS GUIDANCE FOR THE MEDIUM TERM OF AN AVERAGE ANNUAL INCREASE IN UNDERLYING EBITDA IN THE MID-SINGLE DIGITS AT CONSTANT CURRENCIES‍​.  Full Article

Forfarmers Creates Joint Venture With Tasomix In Poland
Tuesday, 20 Feb 2018 12:56am EST 

Feb 20 (Reuters) - FORFARMERS NV ::REG-FORFARMERS N.V.: FORFARMERS EXTENDS EUROPEAN LEADERSHIP POSITION BY CREATING JOINT VENTURE WITH TASOMIX IN POLAND.SIGNED A SHARE PURCHASE AGREEMENT WITH OWNERS OF POLISH COMPANY TASOMIX TO ACQUIRE 60% OF THEIR SHARES.FORFARMERS ACQUIRES A BUSINESS WITH TWO OPERATIONAL PRODUCTION FACILITIES AND ONE NEW FACILITY, WHICH IS UNDER CONSTRUCTION.AT CLOSING OF TRANSACTION, FORFARMERS WILL MAKE A FIRST PAYMENT OF PLN 234 MILLION (CURRENTLY APPROXIMATELY EUR 56 MILLION).FORFAMERS WILL RECEIVE 60% OF SHARES AND PAY PLN 234 MILLION IN CASH .SECOND PAYMENT WILL BE MADE IN 2021 AND IS DEPENDENT ON ACHIEVING SPECIFIED TARGETS.AT CLOSING OF TRANSACTION, FORFARMERS WILL MAKE FIRST PAYMENT OF PLN 234 MILLION.AT CLOSING OF TRANSACTION, FORFARMERS WILL RECEIVE 60% OF SHARES.AGREEMENT INCLUDES POSSIBILITY FOR FORFARMERS TO OVER TIME OBTAIN REMAINING SHARES..TASOMIX IS EXPECTED TO CONTRIBUTE TO 2018 EARNINGS PER SHARE..  Full Article

Forfarmers Sells Arable Activities To CZAV
Friday, 8 Dec 2017 01:01am EST 

Dec 8 (Reuters) - Forfarmers Nv ::REG-FORFARMERS N.V.: FORFARMERS THE NETHERLANDS SELLS ARABLE ACTIVITIES (NON-LIVESTOCK FEED RELATED) TO CZAV.REG-FORFARMERS N.V.: FORFARMERS THE NETHERLANDS SELLS ARABLE ACTIVITIES (NON-LIVESTOCK FEED RELATED) TO CZAV.‍WILL RECEIVE EUR 5.65 MILLION ON DATE OF HANDOVER ON COMPLETION OF AGREEMENT​.  Full Article

ForFarmers Q3 underlying EBITDA: limited growth
Thursday, 9 Nov 2017 02:05am EST 

Nov 9 (Reuters) - FORFARMERS NV : :‍MARKET CIRCUMSTANCES IN UNITED KINGDOM REMAIN DIFFICULT​.‍Q3 VOLUME TOTAL FEED: GROWTH IN ALL CLUSTERS​.Q3 ‍GROSS PROFIT: GROWTH (INCLUDING NEGATIVE CURRENCY TRANSLATION IMPACT POUND STERLING)​.‍IN LOCAL CURRENCY, GROSS PROFIT IN UNITED KINGDOM WAS NEARLY EQUAL IN Q3​.Q3 UNDERLYING EBITDA: LIMITED GROWTH ‍​.SUPPLY CHAIN EXPERIENCED A HIGHER THAN USUAL TURNOVER OF DRIVERS WHICH PROVED DIFFICULT TO REPLACE AS A RESULT OF MANY NON-UK DRIVERS LEAVING UK DUE TO CONCERNS AROUND BREXIT​.ON UK LOCAL CURRENCY GROSS PROFIT: THERE WAS A DECLINE IN FIRST HALF YEAR​.‍WE STILL REMAIN POSITIVE ABOUT OUR MID TO LONG-TERM UNITED KINGDOM STRATEGY​.‍OPERATIONAL COSTS WERE TEMPORARILY HIGHER BECAUSE OF RESULTING IN A LOWER UNDERLYING RESULT. HIGHER THAN USUAL TURNOVER OF DRIVERS​.‍OPENING OF NEW FACTORY IN EXETER IS PLANNED FOR Q4 OF THIS YEAR.​.  Full Article

Forfarmers H1 revenue rises to 1.11 billion euros
Thursday, 17 Aug 2017 12:59am EDT 

Aug 17 (Reuters) - FORFARMERS NV ::H1 REVENUE EUR 1.11 BILLION VERSUS EUR 1.07 BILLION YEAR AGO.H1 UNDERLYING EBITDA EUR 51.75 MILLION VERSUS EUR 46.3 MILLION YEAR AGO.WE EXPECT THAT GROWTH OF THE RESULT IN THE SECOND HALFYEAR, IN TERMS OF PERCENTAGE, WILL HOWEVER BE LOWER THAN THE SOLID INCREASE IN THE FIRST HALF-YEAR OF 2017.H1 PROFIT GROUP SHARE EUR 30.4 MILLION VERSUS EUR 25.0 MILLION YEAR AGO.EXPECTS THE H2 RESULT TO BE LOWER THAN THE SOLID INCREASE IN H1.REITERATES GUIDANCE FOR MID TERM OF AVERAGE FY INCREASE OF UNDERLYING EBITDA AT CONSTANT CURRENCIES IN THE MID SINGLE DIGITS.  Full Article

Forfarmers Q1 gross profit marginal growth
Thursday, 11 May 2017 01:13am EDT 

May 11 (Reuters) - FORFARMERS NV :Q1 GROSS PROFIT: MARGINAL GROWTH (INCLUDING SIGNIFICANT NEGATIVE CURRENCY TRANSLATION IMPACT POUND STERLING).Q1 EBITDA: MARKED GROWTH.SAYS MARKET CIRCUMSTANCES IN UNITED KINGDOM REMAIN CHALLENGING IN SHORT TERM.  Full Article

ForFarmers initiates share buy-back programme of its own shares
Tuesday, 2 May 2017 01:27am EDT 

May 2 (Reuters) - ForFarmers Nv : :Reg-ForFarmers n.v.: ForFarmers initiates announced share buy-back programme of its own shares.On 26 April 2017, annual general meeting of shareholders authorised ForFarmers n.v. ("ForFarmers") to initiate a programme to repurchase its own shares.Will repurchase its own shares for a period of 18 months for (a) an amount between 40 million euros and 60 million euros ($43.65 million and $65.48 million) .  Full Article

ForFarmers FY profit for the period up at 53.8 million euros, proposes to initiate share buy back program
Tuesday, 14 Mar 2017 02:43am EDT 

ForFarmers Nv : FY EBITDA 93.9 million euros ($99.97 million) versus 90.1 million euros year ago . FY profit for the period 53.8 million euros versus 51.3 million euros year ago . Reg-Forfarmers n.v.: improvement of result mainly due to one Forfarmers efficiency programme . FY net revenue: 6.0 pct decline to 2,109.0 million euros . Dividend distribution is proposed of 0.24218 euros per ordinary share (pay-out ratio of 50 pct of the qualifying normalised result) . Geopolitical developments are expected to influence the markets in which Forfarmers is active in 2017 . FY volume total feed: 2.5 pct increase to 9.3 million tonnes, . The volatility in raw material prices and on the currency markets is also expected to continue . In particular, changes in the valuation of the Pound Sterling affect the consolidated results of Forfarmers . Expects to invest approximately 40 million euros to 45 million euros (previously 35 million euros) both in 2017 and in 2018 . The investments for operational efficiency projects should lead to a further improvement of the underlying EBITDA/gross profit ratio . Reiterates guidance for medium term of an on average annual increase of underlying EBITDA in mid single digits at constant currencies, barring other unforeseen circumstances . Proposal to initiate a limited share buy-back programme ending ultimately October 2018, of an amount ranging between 40 million euros and 60 million euros.  Full Article

BRIEF-Forfarmers Creates Joint Venture With Tasomix In Poland

* REG-FORFARMERS N.V.: FORFARMERS EXTENDS EUROPEAN LEADERSHIP POSITION BY CREATING JOINT VENTURE WITH TASOMIX IN POLAND