(“the Company” or “Anpario”)
AGM Trading Statement
Anpario plc, the international producer and distributor of natural feed additives for animal health, hygiene and nutrition, is holding its AGM later today, when Richard Rose, Chairman, will make the following comments:
“The Company remains on track to meet its profit expectations for the financial year to 31 December 2016. Revenues for the first half will be below the level of last year; this is due to a number of territories being affected by geopolitical events and distributor specific trading. Sales volumes in May and June have seen an improvement and overall margins remain strong mainly as a result of our continuing focus on improving the sales mix. The board believes the positive momentum will gather pace in the second half.
We continue to invest for profitable growth and have recently appointed three new regional commercial leaders and a Group Technical Director. We have also opened a sales office in Dubai to focus on generating business in the countries of the Middle East and Africa.
The cash generative qualities of the business remain positive; at 27 June 2016 Anpario’s cash balance was £10.4m.
The Company’s interim results for the six month period ended 30 June 2016 will be announced on Wednesday 14 September.”
Richard Edwards, Chief Executive Officer +44 (0) 7776 417129
Karen Prior, Group Finance Director +44 (0)1909 537 380
Peel Hunt +44 (0)207 418 8900