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Anpario PLC - manufacturer of natural sustainable feed additives for animal health, nutrition and biosecurity - Expects sales to be at least £33 million for the year ended December 31 and adjusted earnings before interest, tax, depreciation and amortisation to be not less than £5 million. In 2021 revenue was £33.4 million, up from £30.5 million a year ago. Adjusted ebitda amounted to £7.0 million compared to £6.6 million in 2020.
Says it has experienced a weaker than expected final quarter. ‘December’s performance was adversely affected by several factors including our Chinese subsidiary where customer orders were impacted by the spread of Covid following the relaxation of restrictions’, it explains.
Adds that it has faced significant headwinds including raw material and logistics costs increases which reduced margins, although they did improve in the second half. Looking ahead, Anpario says it expects global economic conditions to continue to be challenging, but it is investing in its global sales teams and product development.
Current stock price: 419.00 pence, down 12% on Monday in London
12-month change: down 32%
By Xindi Wei, Alliance News reporter
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