dreamcatcher
- 26 Jun 2012 22:07
dreamcatcher
- 21 Mar 2017 07:03
- 57 of 58
AGM Statement
RNS
RNS Number : 9974Z
Wynnstay Group PLC
21 March 2017
21 March 2017
AIM: WYN
Wynnstay Group plc
("Wynnstay" or the "Group")
AGM Statement
Wynnstay, the agricultural and retail group, will be holding its Annual General Meeting this morning and will make the following comment on current trading:
The trading environment for farmers has continued to show signs of recovery, with farm output prices higher year-on-year, although from low comparatives. This is encouraging although, as yet, it is too early to determine the strength of the recovery. There are important seasonal trading months ahead for Wynnstay, particularly for feed sales and these will influence the outcome for the half year. Nonetheless, at this stage, we continue to remain encouraged that Wynnstay is on track to return to growth in the current financial year.
In the Agricultural division, demand for ruminant feed has increased year-on-year, reflecting national trends. Fertiliser sales have been good as farmers purchased ahead of anticipated price increases. Demand for spring seed is also encouraging and, as expected, the smaller 2016 harvest has meant that grain trading volumes in the period are behind the previous year.
Within the Specialist Retail operations, our agricultural retail activities have seen a small increase in like-for-like sales over recent months, mainly attributable to hardware products. However, demand at Just for Pets, the pet products business, remains subdued, reflecting the challenging high street.
We are continuing to invest in the business, including in our technology platform, to drive efficiencies and better position the Group for long term growth.
dreamcatcher
- 24 May 2017 07:18
- 58 of 58
Trading Update
RNS
RNS Number : 0349G
Wynnstay Group PLC
24 May 2017
24 May 2017
AIM: WYN
Wynnstay Group plc
("Wynnstay" or "the Company" or "the Group")
Trading Update
Wynnstay, the agricultural and retail group, provides the following update on trading for the six months to 30 April 2017.
The Group's activities excluding the pet products operations, Just for Pets, are expected to show a better performance for the first half, year-on-year. Trading headwinds for farmers have eased somewhat but the agricultural environment remains challenging, with margin pressures a feature. Just for Pets has continued to experience subdued demand, reflecting general retail trends in the sector, and certain stores in particular have not delivered the expected performance, resulting in losses in this activity during the first half. As a consequence, the Board now expects to book a non-cash goodwill impairment charge for the period although the level of this charge is yet to be finalised. This will result in the Company's reported profits for the first half of the financial year being materially lower than for the same period last year. The Company's adjusted profit before tax (before the goodwill impairment charge) for this period will be marginally below last year, impacted by the Just for Pets performance.
Just for Pets remains a relatively small part of the wider Group and, accordingly, the Board is reviewing the options for the unit and expects to announce restructuring plans in the second half of the year. Any associated exceptional charges would be taken in this period.
The Company will be announcing its results for the six months ended 30 April 2017 on Wednesday, 21 June 2017