Summary
The Board of Directors and Management of FirstFarms A/S have today reviewed and adopted the un-audited quarterly accounts for the period 1 January - 31 March 2010.
Highlights
§ FirstFarms has in the period achieved a turnover of DKK 13.0
million, an EBIT result of DKK -3.9 million and a pre-tax result of
DKK -4.1 million. The results are as expected.
§ FirstFarms maintains the announced expectations of a turnover of
DKK 90-95 million, an EBIT result of DKK 0-5 million and a pre-
tax result of DKK -5-0 million.
§ In Q1, the milk price has been a little lower than assumed. It is
expected that the milk price will reach the assumed level for the
year in general.
§ The prices on oil seed are at present a little higher than expected,
whereas the price on grain products is a little lower than expected.
Together the crop prices are as expected.
§ In both Slovakia and Romania, the crops are satisfactory compared
to the expectations at this time of the year. However, at the end of
May approx. 10 % of the areas in Slovakia are flooded. The
consequences hereof can not be assessed at present.
§ The construction of cattle stables is still expected to be completed in
the summer 2010.
Billund, 27 May 2010
FirstFarms A/S
For further information:
Please visit our website www.firstfarms.com or
contact Managing Director Per Villumsen on telephone +45 75 86 87 87.
