Wynnstay forecasts "satisfactory" H2 trading

Wynnstay Group chief executive Ken Greetham reports that satisfactory second half Group trading means financial results before acquisition costs for the year ended October 31st 2015 are predicted to be in line with market expectations.

“Looking ahead, the trading backdrop for farmers remains difficult and Wynnstay is taking a cautious view on the expected recovery in output prices over the next twelve months,” he says. “The investment programme in the business is progressing well and underpins the Group’s continuing development.

“UK farmers are currently facing challenges, with low farmgate prices particularly for milk. While the trading backdrop remains challenging, we remain positive about the long term opportunities driven by world food demand, and continue to focus on assisting farmers with the drive for enhanced efficiencies in production.”

Posted on October 26, 2015 and filed under Company News.