ANP2 Feb 2020 21:50
From the last RNS - 'realised exchange gains have been materially outweighed by unrealised losses'. I like the science but introducing the material word seems to me a rather large red flag. Wait and watch?
Anpario, the international producer of natural feed additives for animal health, hygiene and nutrition, will announce its results for the year ended 31 December 2019 on 18 March 2020.
Revenue and adjusted EBITDA (excluding foreign exchange) should be in line with market expectations. The increase in the value of sterling during the year has impacted the overall result as realised exchange gains have been materially outweighed by unrealised losses.
Sales improved in the second half of the year, driven by continued strong performances in Latin America and the Middle East and a welcome recovery in Asia. Targeting of the Chinese poultry market, coupled with the Group’s geographic and species diversity, have helped to mitigate the impact of African Swine Fever.