17th Dec 2015 09:52
LONDON (Alliance News) - NWF Group PLC on Thursday maintained its full-year expectations, as trading in its first half to the end of November was in line with the previous year.
The agricultural and distribution business said that in its Feeds division, trading was hit by lower milk prices, as expected, and demand in the autumn was reduced by mild weather conditions. In its Food segment, service levels were maintained at 99.7%, and its Wardle warehouse remained fully utilised.
NWF's Fuels division performed "better than expected" through the summer months, although it has "yet to benefit from the colder conditions and the resultant increased demand for heating oil."
The company's recent acquisitions New Breed and Staffordshire Fuels performed as expected, and are being integrated as planned, NWF said.
NWF said it will announce its first-half results on February 2.
Shares in NWF were down 4.3% at 183.36 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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