24th Oct 2022 10:21
Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Expects adjusted earnings before interest, tax, depreciation and amortisation for the financial year that ended on September 30 to be in the range of GBP30 million to GBP31 million, ahead of market expectations of GBP27.7 million. New expectation is at least 55% higher than GBP19.4 million adjusted Ebitda it posted for financial year 2021. Says it has ended the year "strongly", benefitting from "strong demand for our salmon eggs in [the fourth quarter]".
Chief Executive Officer Trond Williksen says: "We are pleased by the strong end to the year, which is a continuation of the consistent performance in the business over the last eight quarters. Looking ahead, we have had a good start to financial year 2023 and the outlook for the business remains positive."
For financial 2021, Benchmark in November 2021 reported its pretax loss from continuing operations narrowed to GBP9.2 million from GBP22.6 million a year ago, as revenue rose by 18% to GBP125.1 million from GBP105.6 million. Total loss narrowed to GBP11.6 million from GBP31.9 million.
Current stock price: 38.04 pence, up 0.8% on Monday morning in London
12-month change: down 39%
By Xindi Wei; [email protected]
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