16th Jun 2022 16:08
Anpario PLC - manufacturer of natural sustainable feed additives for animal health, nutrition and biosecurity - Reports that group sales in the five months to May 31 are "just ahead" of last year. Considers this a good performance "given China's recent Covid lockdown and the Russia-Ukraine conflict", both of which it says have impacted its sales performance.
Experiencing "significant" raw material price inflation and high logistics costs. Adds it has been successful in passing on this inflation through sales price increases. Also increases its finished goods inventory and raw material stockholding.
"It is vital that we maintain continuity of supply to our customers who are experiencing significant cost pressures from the high price of animal feed," the company says. Expects the "challenging environment" to continue until the end of the year, but company remains confident in its ability to navigate these challenges.
Anpario will release its interim results on September 14.
Current stock price: 583.00 pence, down 8.8% on Thursday in London
12-month change: down 22%
By Heather Rydings; [email protected]
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