Anpario forecasts lower 2018 sales following China swine flu outbreak

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 13:52

Animal feed additive supplier Anpario said it expected its annual sales to slip in 2018, but return to growth in 2019.

Trading for the year through December, although subdued, had been in line with market expectations, the company said.

Sales growth was impacted by African swine flu in China and challenging trading conditions in the Middle East and Latin America.

'However, costs have been closely managed without impeding strategic development plans,' Anpario said.

Continued strong performances in the US, Europe and Australasia were expected to support a return to sales growth in 2019.

Cash balances at year end stood at £12.9m, down from £13.6m on-year.

At 1:52pm: (LON:ANP) Anpario PLC share price was -15p at 330p


Related content

Anpario profit rises 35% as cost control offsets weaker sales

Animal feed additive producer Anpario booked a 34% rise in annual profit as it capped costs to combat falling sales, amid an African swine fever...

Wed, 06/03/2019 - 14:15


Broker Forecast - Peel Hunt issues a broker note on Anpario PLC

Peel Hunt today reaffirms its hold investment rating on Anpario PLC (LON:ANP) and cut its price target to 375p (from 425p).

Broker Forecasts data provided...

Tue, 29/01/2019 - 08:20


Which small cap pharma firms make a profit?

Typically people invest in small cap biotechnology and pharmaceutical stocks in the hope they can enjoy returns of many times their initial investment as the...

Thu, 15/11/2018 - 00:00


Broker Forecast - N+1 Singer issues a broker note on Anpario PLC

N+1 Singer today reaffirms its hold investment rating on Anpario PLC (LON:ANP) and raised its price target to 434p (from 432p).

Broker Forecasts data provided...

Wed, 21/03/2018 - 13:20


Anpario revenues climb 20% amid strong sales growth across all regions

Anpario reported rose 20% to £29.2m in 2017, from £24.3m the previous year amid strong sales growth across all regions.

The firm said gross...

Wed, 07/03/2018 - 10:03