EBITDA fixed herd prices (FHP) for Q4 2018 decreased to 2,104 kEUR (Q4 2017: 2,677 kEUR), corresponding to an EBITDA margin FHP of 8.6% (Q4 2017: 10.8%). The quarterly EBITDA in Q4 2018 declined compared to Q4 2017 with 573 kEUR.
The herd valuation in Q4 increased with 2,431 kEUR (compared to Q3 2018). The increase is mainly due to increasing prices of 7 kg and 30 kg pigs (-7,479kEUR for Q4 2017).
Free cash flow was 136 kEUR in Q4 2018 (Q4 2017: 800 kEUR).
The insurance payment for the ASF outbreak on Skabeikiai fully paid compensated all the cost, and the effect on 2018 financial accounts is therefore neutral.
Selected financial highlights and key ratios
| EUR Millions | Q4 2018 | Q4 2017 | 2018 | 2017 |
| Total Revenue | 24.592 | 24.895 | 99.518 | 109.596 |
| EBITDA | 4.535 | -4.802 | 17.636 | 21.608 |
| EBITDA Margin | 18,4% | -19,3% | 17,7% | 19,7% |
| EBITDA fixed herd price | 2.104 | 2.677 | 15.080 | 26.653 |
| EBITDA margin fixed herd price | 8,6% | 10,8% | 15,2% | 24,3% |
| Net income | -24 | -9.560 | 1.213 | 6.062 |
| Free cash flow | 136 | 800 | -237 | 19.239 |
| Net interest-bearing debt | 78.319 | 72.989 | 78.319 | 72.993 |
Further information
Bondholders - Claus Baltsersen, CEO phone +370 (685) 34 104
Media - Jytte Rosenmaj, Deputy Chairman phone +45 26 73 46 99
Attachments
