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 2014.
Result in Q1 as expected
- FirstFarms has in the accounting period achieved a turnover of DKK 20.6 million, an EBIT result of DKK 6.9 million and a pre-tax result of DKK 5.2 million.
- In Q1, the milk price has been higher than expected. The milk price has afterwards been under pressure, which makes it difficult to predict the prices for the time being.
- The prices on grain products and oilseeds are on par with the budget.
- In both Slovakia and Romania, the winter crops are satisfactory and in general the spring crops have had a positive start.
- FirstFarms maintains the 2014-expectations of an EBIT result of DKK 17-22 million.
Faurei, 27 May 2014
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.
