29 January 2019
(“Anpario” or “the Company”)
Pre-CLose TRADING STATEMENT
Anpario, the international producer of natural feed additives for animal health, hygiene and nutrition, expects to announce trading in line with market expectations for the year ended 31 December 2018 on 6 March 2019.
As anticipated, sales growth was reduced by the factors reported at the interim stage, including African Swine Flu in China and challenging trading in the Middle East and Latin America. However, costs have been closely managed without impeding strategic development plans.
Continuing strong performances in the USA, Europe and Australasia, assisted by progressive market fundamentals and the benefits of development initiatives implemented this year, are expected to support a return to sales growth in 2019.
The balance sheet remains strong with cash balances of GBP12.9m (2017: GBP13.6m) at the year-end.
Richard Edwards Chief Executive Officer +44(0) 777 6417 129
Karen Prior Finance Director +44(0) 1909 537380
Peel Hunt LLP +44 (0)20 7418 8900