Irish agribusiness Origin Enterprises reports 20.7% revenue decline in Q1-Q3 due to weather challenges and falling feed/fertiliser prices.
Origin Enterprises, an Irish agribusiness, reported a 20.7% revenue decline in the first three quarters of its financial year due to challenging weather conditions and falling feed and fertiliser prices. Poor weather led to a reduction in the winter cropping area and delayed spring planting activity. Revenues in Ireland and the UK dropped by 10.3% to €439.2m. The company's full-year earnings per share guidance was upgraded to between 45 cent and 48 cent.
June 13, 2024
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