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Origin Enterprises PLC on Friday lifted its full-year earnings guidance, in response to a strong first-half performance, with its recovery in the UK and Ireland continuing into the third quarter.
The Dublin-based agri-services company said it saw a strong operating performance across all three segments in the six months to January 31.
Origin noted that the first half recovery in Ireland and UK has continued into the third quarter, with favourable ‘on-farm’ sentiment underpinning performance in Poland and Romania.
Origin's Latin American business is currently performing ahead of expectations.
As a result, Origin anticipates that fully adjusted diluted earnings per share for the year ending July 31 will be higher than the current level of the market consensus.
The company expects to deliver fully adjusted diluted earnings per share in the range of 45 to 49 cents.
In financial 2021, adjusted diluted earnings per share totalled 35.50 cents.
Shares were untraded €4.16 each on Friday afternoon in London.
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