Revenue increase for agri-services group

1e7465b8-a475-47dd-bccb-7cd1a65a1527

06 October 2021
|
Revenue increase for agri-services group

ORIGIN Enterprises plc, the international Agri-Services group, providing specialist agronomy advice, crop inputs and digital agricultural solutions to growers has announced its full year results up to July 31st, which show a 4.4% revenue increase. 

Performance Highlights
•    Group revenue increase of 4.4% to €1,658.4 million, 6.6% on an underlying basis
•    Operating profit1 of €61.0 million, an increase of 38.3%, 42.1% on an underlying basis
•    Group operating margin of 3.7% (2020: 2.8%)
•    Adjusted diluted earnings per share3 of 35.50 cent
•    Strong cash generation with free cash flow of €49.2 million (2020: €64.3 million)
•    Net bank debt4 reduced to €14.4 million (2020: €53.2 million)
•    Working capital outflow of €4.0 million (2020: Inflow of €30.3 million)
•    Proposed final dividend of 7.85 cent per share giving total dividend of 11.00 cent
•    Substantial recovery in Ireland/UK operating segment together with continued underlying growth in CE and LATAM operations
•    Divestment of Pillaert, the Group’s Belgian fertiliser business for €15.5 million
•    Acquisition of Green-tech, the UK’s leading landscape, forestry and grounds maintenance equipment provider
•    Extension post year end of Group’s banking facilities to 2025 with pricing linked to ESG performance

Short online course to further agritech knowledge
SUSPENSION FERTILISERS ADDRESS NUTRITIONAL VARIABILITY OF ORGANIC MANURE
Players pitch in for a potato-growing non-profit
Content continues after advertisements