Goodvalley delivered strong performance in tough 2018

Goodvalley delivered strong performance in tough 2018

Goodvalley mitigates tough external challenges by a strong operational performance and high efficiency in production

HIGHLIGTS

Financials

  • Revenue was lower by 9 % to DKK 1,473 million driven by lower pig and pork prices
  • Goodvalley realised a solid Adjusted EBITDA of DKK 222 million despite lower pig and pork prices and harsh weather conditions

Operations

  • Goodvalley improved efficiency in terms of sold pigs per sow from 30.6 in 2017 to 31.6 in 2018, being among the leading manufactures relative to both the average in EU and North America
  • The whole herd feed conversion ratio was stable at 2.75 kilo feed per kilo pork, resulting from the Group’s ongoing focus on sustainability and efficiency
  • The Group completed a series of stable upgrades enabling higher production capacity and efficiency as well as animal welfare and bio-security improvements

Outlook

  • Goodvalley expects to generate revenue in the range of DKK 1,400- 1,550 million and an Adjusted EBITDA of DKK 220-280 million driven by continued high production efficiency and higher volumes from finalisation of stable upgrades compared to 2018 level
“While 2018 was marked by challenging weather and tough market conditions, we managed to deliver a strong performance based on high efficiency in the production. We are pleased to present relatively stable revenue of DKK 1,473 million and solid Adjusted EBITDA of DKK 222 million in a historically tough year for the agricultural industry across Europe. Moreover, we made substantial improvements to our business platform, positioning Goodvalley for profitable growth when market conditions normalise” says CEO Tom Axelgaard

 

Conference call 28 February at 13.00 (CET) about Annual Report 2018

On 28 February 2019 at 13.00 (CET), Goodvalley will host a conference call at which CEO Tom Axelgaard and CFO Hans Henrik Pedersen will provide comments on financial and operational performance in the Financial Year 2018, the outlook and answer questions. Registration is not required.

The conference call will be conducted in English and can be followed live here:
https://edge.media-server.com/m6/p/pzcd4viq

Participants should dial the numbers provided below and state conference code 9789218

Denmark: +45 32 72 80 42
Norway: +47 239 60264
Sweden: +46 (0)850 692180
United Kingdom: +44 (0)844 571 8892
United States: +1 631 5107495

 

Further Information

Group Communications, Anne Axelgaard

+ 45 76 52 20 00

info@goodvalley.com

 

Find the Goodvalley Annual Report 2018 here

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