Based on the ongoing preparation of the annual report 2017, Axzon expects to realise its revenue guidance of DKK 1.6-1.7 billion, whereas the Group’s EBITDA margin will be slightly below the previously expected 27-28% range for the full-year.
According to preliminary unaudited figures, the Group’s revenue grew 11% to DKK 1,653 million (2016: DKK 1,494 million) and EBITDA increased significantly to about DKK 426 million corresponding to 25.8% (2016: 21.9%).
“We were pleased with Axzon’s positive business development during the year and the fact that we delivered record financial performance in 2017. Production efficiency remained strong in the last quarter of the year, and the adverse effect on the Group’s financials was due to declining market prices on live pigs and fair value adjustment of our pig herd at year-end,” says CEO Tom Axelgaard.
The annual report 2017 and outlook for 2018 will be published on 28 February 2018.
Contact
Tom Axelgaard, CEO, tel. +45 76 52 20 01 or e-mail: investor@axzon.eu
Axzon A/S
Vesterbrogade 4a, 5.sal
1620 København V
Tel. +45 76522000
CVR no.: 26438624
www.axzon.eu
Axzon at a glance
Axzon is an international producer of high quality pork products operating in Poland, Ukraine and Russia based on Danish production standards. The company is to a large extent self-sufficient and masters the whole production chain from field to fork, from growing crops for feed, breeding and slaughtering pigs including using the manure in biogas facilities to produce electricity and organic fertilizer for the fields. In Poland, Axzon is certified as CO2 neutral in the entire production chain by German TÜV and operates according to the highest standards in terms of animal welfare, transparency in the production and sustainable production methods.