(‘the Company’ or ‘Anpario’)
Pre Close Trading Statement
Anpario, the international producer of natural feed additives for animal health, hygiene and nutrition, is pleased to release a Pre Close Trading Statement.
The Company expects to deliver results for the year ended 31December 2013 in line with market expectations. The results will be announced in early April 2014.
Anpario has delivered strong sales growth from all its international brands and this advance reflects the Company?s investment in expanding its sales and technical resources at its regional offices in Brazil, China and Malaysia.
The growing interest from potential customers in North America has encouraged the Company to establish a subsidiary in the United States. This new, wholly owned, subsidiary is based in South Carolina and includes sales, warehousing and distribution facilities to enable it to offer Anpario?s products throughout North America.
The United States operation complements subsidiaries already formed in Brazil and China and means the Company is now firmly located in the world?s three principal pig and poultry producing countries. These businesses serve territories which in total account for over half the world?s output of pigs and poultry and will provide a strong platform for future growth.
The balance sheet remains strong and debt free with cash balances of 4.8m at the year end.
The Company is greatly encouraged by the number of new opportunities opening up in existing and new markets as customers become increasingly aware of the performance enhancing value of Anpario?s product portfolio. Customers recognise the benefit of Anpario’s natural products that are increasingly replacing the traditional use of antibiotics. The Company’s investment in developing its product ranges backed by experienced sales teams has placed it in a strong position to maintain its growth record.
|David Bullen, Chief Executive Officer||+44 (0)791 955 2040|
|Karen Prior, Group Finance Director||+44 (0)1909 537 380|
|Matthew Robinson / Henrik Persson – Corporate Finance|
|Stephen Norcross – Corporate Broking||+44 (0)20 7600 1658|