February 1, 2021

Anpario gives trading update, makes new board appointment

Anpario has delivered a very strong operating performance despite a very difficult year due to the pandemic, the company said as it provides its latest trading update for the year ended December 31, 2020.

The company's full year sales are now expected to be not less than £30 million (US$41.2 million) and profit to be well ahead of expectations. This performance is reflected in Anpario's strong cash generation with year-end cash balances of £15.8 million (US$21.7 million) after a £1 million (US$1.4 million) buyback programme and in addition to increased dividend distributions.

There were strong performances in the Americas, Europe and China where sales showed a strong recovery as farmers restocked their pig operations while the ban on the use of antibiotic growth promoters (AGPs) in animal feed benefited sales of Anpario's Orego-Stim. The company's Middle East market experienced continued weakness in the second half. The strongest growth was experienced in subsidiaries where local sales teams were able to fully support customers throughout the pandemic.

Anpario expects to announce its preliminary results for the year ended December 31, 2020 on March 17.

Meanwhile, the company has also announced the appointment of Kate Allum as a non-executive director of the company with effect from February 1.

Allum has an extensive track record of senior executive and non-executive leadership roles in the food supply chain and agriculture industries. Her previous executive roles include head of European supply chain at McDonald's Restaurants and chief executive of First Milk, the British farmer-owned dairy co-operative. 

Allum is currently a non-executive director of Cranswick plc, a leading UK food producer and Origin Enterprises plc, an international agri-services business.

- Anpario