6th Sep 2022 14:40
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - Expects results for the year ending October 31 to be "significantly" ahead of current market forecasts thanks to good weather conditions and an early UK harvest providing "much greater" visibility for the firm at this stage of the year. Also cites gains in Glasson fertiliser activity for the expected improvment. Says demand for feed has been unseasonally strong, reflecting reduced availability of forage after a hot summer. Looking forward, firm is conscious of inflationary pressures and as a result says it is "prudent" to leave expectations for its next financial year unchanged.
Current stock price: 601.10 pence, up 4.2% in London on Tuesday afternoon
12-month change: 18%
By Heather Rydings; [email protected]
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