July 12, 2022

ForFarmers expects EBITDA in first half-year of 2022

ForFarmers expected that, due to the positive developments in countries outside of the Netherlands, its underlying EBITDA in the first half-year 2022 will be slightly higher than the relatively low level in the first half of 2021.

The previously disclosed expectation was a substantial decline of mentioned result. 

In its first quarter 2022 trading update of May 6, 2022, ForFarmers announced that some movement could be seen in the food chain with respect to passing on higher costs of raw material, energy and fuel. However, at the time, it was too soon to draw any conclusions from this. It has since become clear that this trend has continued in a broad sense, ForFarmers explained. 

Considering the continuing uncertainties with respect to availability and consequentially prices of raw materials, energy and fuel and on top of that, the uncertain political climate in the Netherlands with respect to the agricultural sector, ForFarmers does not provide guidance for the development of underlying EBITDA in the second half-year of 2022.  

The results of the first half-year 2022 will be published on August 11, before opening of the stock exchange.

- ForFarmers