Skip to main content

Company announcement no 22/2020 Interim Report Q3 2020

Written by Customer Service on . Posted in Public Companies.

EBITDA fixed herd prices (FHP) for Q3 2020 decreased to 7,253 mEUR (Q3 2019: 9,052 kEUR), corresponding to an EBITDA margin FHP of 29.3% (Q3 2019: 31.0%). Q3 harvest influenced EBITDA margin significantly, as it is EBITDA without revenue. Harvest EBITDA was Q3 2020 3.8 mEUR and Q3 2019 3.8 mEUR, EBITDA margin FHP (without harvest) was 14.1% (Q3 2019: 18.0%).Sales prices in Q3 were 1.12 EUR/kg live weight down from 1,14 EUR/kg (Q2 2020). The price decrease from Q2 has been driven by a Corona impact on the supply chain and effect from ASF outbreak in Germany, partly compensated with that Russian prices have rebounded somewhat due to season and increasing export from Russia to Vietnam.The outlook is highly uncertain with the ASF situation in China/Germany and a potential rebound of Coronavirus impacting supply chains.Feed prices in Q3 were 229 EUR/T as in Q2 2020 (compared to 244 EUR/T Q3 2019). A significant amount of grain is hedged until harvest 2021 either in storage or contract, reducing feed price fluctuations. The herd valuation in Q3 decreased by 3,821 mEUR (compared to 30.06.2020). Lower prices drove the decrease in EU and Lithuania, partly compensated by Russia. Free cash flow was 3,771 kEUR in Q3 2020 (Q3 2019: 2.294 kEUR).   Net interest-bearing debt has last quarter decreased from 68,3 mEUR to 64,0 mEUR driven by operational cashflow Q3 (3,1 mEUR) and devaluating in Q3 (2,4 mEUR).Idavang expects IFC put option being called during November month.
Further informationBondholders – Claus Baltsersen, CEO phone +370 (685) 34 104Media – Jytte Rosenmaj, Board Member phone +45 26 73 46 99AttachmentCompany announcement no 22 2020 Q3 2020 Idavang Interim Report

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.