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IN BRIEF: Benchmark upgrades earnings outlook after strong end to year

18th Oct 2021 11:12

Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Expects full-year earnings "significantly ahead" of current market forecasts. Says it maintained positive momentum into the fourth quarter and delivered a stronger-than-expected trading performance across its three business areas. Highlights "continued strong commercial focus", cost control and further recovery in end markets. Expects adjusted earnings before interest, tax, depreciation and amortisation for financial year ended September 30 to be "significantly ahead" of market consensus, which stands at GBP15.9 million. Adjusted Ebitda for the 2020 financial year was GBP14.5 million.

Current stock price: 64.00 pence, up 12% on Monday

Year-to-date change: up 0.8%

By Lucy Heming; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Benchmark Holdings
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