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NWF Group plc (NWF)     

dreamcatcher - 07 Feb 2013 13:50



With a heritage in the agricultural sector, established in 1871, the Group has 140 years' experience in adding value to our customers' businesses. Our three divisions in the manufacture and supply of animal feeds, ambient grocery distribution and the distribution of fuels have been successfully developed from common roots.


http://www.nwf.co.uk/



Chart.aspx?Provider=EODIntra&Code=NWF&SiChart.aspx?Provider=EODIntra&Code=NWF&Si

dreamcatcher - 04 Aug 2015 17:21 - 16 of 17

Final Results

Divisional highlights:



· Feeds - underlying operating profit of £1.8 million (2014: £3.3 million). A challenging year in the ruminant feed market with reduced milk prices and falling commodity prices resulting in margin pressure. Volumes in the business were robust and profitability recovered significantly in the second half.



· Food - underlying operating profit of £2.5 million (2014: £2.0 million). A strong result highlighting the continued efficiency achieved through the division operating at full capacity throughout the year from a single operating site with the accompanying benefits of scale. Further long-term contracts were signed with customers during the year which help to underpin the future utilisation of the site.



· Fuels - underlying operating profit of £4.3 million (2014: £3.2 million). A very strong performance across the division with the sale of premium products, the falling oil price and strong operational management more than offsetting warmer than normal weather in the first half of the year.



Richard Whiting, Chief Executive, NWF Group plc, commented:

"NWF delivered a solid performance last year. The results demonstrate the resilience and benefits of the diverse NWF business model and the benefits of targeted initiatives delivered in all three of our divisions. The acquisition of New Breed in June 2015 demonstrates our strategic intent to continue the successful development of the Group. Progress to date in the current financial year has been in line with the Board's expectations."

dreamcatcher - 04 Aug 2015 17:22 - 17 of 17

4 Aug Panmure Gordon 175.00 Buy
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