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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - Expects adjusted earnings before interest, tax, depreciation and amortisation for the financial year that ended on September 30 to be in the range of £30 million to £31 million, ahead of market expectations of £27.7 million. New expectation is at least 55% higher than £19.4 million adjusted Ebitda it posted for financial year 2021. Says it has ended the year "strongly", benefitting from "strong demand for our salmon eggs in [the fourth quarter]".
Chief Executive Officer Trond Williksen says: "We are pleased by the strong end to the year, which is a continuation of the consistent performance in the business over the last eight quarters. Looking ahead, we have had a good start to financial year 2023 and the outlook for the business remains positive."
For financial 2021, Benchmark in November 2021 reported its pretax loss from continuing operations narrowed to £9.2 million from £22.6 million a year ago, as revenue rose by 18% to £125.1 million from £105.6 million. Total loss narrowed to £11.6 million from £31.9 million.
Current stock price: 38.04 pence, up 0.8% on Monday morning in London
12-month change: down 39%
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