FirstFarms A/S is provided 104 mDKK in free cash
24 November 2021 - 2:23AM
FirstFarms A/S is provided 104 mDKK in free cash
FirstFarms A/S has today completed the sale of the company’s
agriculture in Northwest Romania (company announcement no. 14 of 15
July 2021).
The sales price for the activities is 104 mDKK.
In connection with the acquisition in 2020 a total of 19.7 mDKK
before tax has been recognised as income. The income constitutes
the difference between the fair value of the acquired assets
deducted the acquisition price with shares at market price as per
the date of take-over in 2020.
"We have made a good deal and are now realising
104 mDKK in free cash. Right now, we have the largest cash
preparedness in our history, which must be invested in the
continued positive development in the rest of the business," says
CEO Anders H. Nørgaard.
The sale does not change the announced
expectations for 2021 of an EBITDA in the level of 100-120 mDKK and
an EBIT of 50-70 mDKK.
Best regardsFirstFarms A/S
For further information:Please visit our website
www.firstfarms.com or contact CEO Anders H. Nørgaard on telephone
+45 75 86 87 87.
About FirstFarms: FirstFarms is a Danish stock
exchange listed company. We operate FirstFarms with responsibility
for the surrounding communities, and we deliver highest quality
which is primarily sold locally. We act on new opportunities, that
create value for our investors and for the surroundings. Every day,
we work on creating a more sustainable company.
- (20) Sale of activities in Northwest Romania
- CEO Anders H. Nørgaard
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