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 2015.
Result in Q1 as expected
- FirstFarms has in the accounting period achieved a turnover of DKK 17.1 million, an EBIT result of DKK 2.1 million and a pre-tax result of DKK 1.1 million.
- In Q1, the milk price has been significantly lower than last year and also lower than assumed. The milk price is still low. The milk price was very high in Q1 of 2014, where after it decreased significantly to Q2.
- The prices on grain products and oilseeds are still expected on par with the budgeted.
- In both Slovakia and Romania, the winter crops are satisfactory and in general the spring crops have had a positive start.
- FirstFarms maintains the 2015-expectations of an EBIT result of DKK 6-11 million.
Timisoara, 18 May 2015
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.
