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 2013.
Result in Q1 as expected
- FirstFarms has in the accounting period achieved a turnover of DKK 16.7 million, an EBIT result of DKK -0.3 million and a pre-tax result of DKK -1.9 million.
- In Q1, the milk price has been a little lower than assumed, but it is increasing in Q2 and further increase is expected in Q3.
- The prices on grain products and oilseeds are expected a little lower than the market prices at harvest 2012.
- In both Slovakia and Romania, the winter crops are satisfactory compared to the time of year. The seeding in the spring has been a little later due to the long winter, but the work is finished.
- FirstFarms maintains the 2013-expectations of an EBIT result of DKK 10-15 million.
Malacky, 28 May 2013
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.
