NWF Group PLC Trading update (7004Z)
19 December 2017 - 6:00PM
UK Regulatory
TIDMNWF
RNS Number : 7004Z
NWF Group PLC
19 December 2017
NWF Group plc
19 December 2017
NWF Group plc
NWF Group plc
Trading update
Notice of half year results
NWF Group plc ("NWF" or "the Group"), the specialist
agricultural and distribution business delivering feed, food and
fuel across the UK, today announces a trading update for the half
year ended 30 November 2017 and its notice of results date.
Trading update
The Group reports that trading for the half year ended 30
November 2017 was ahead of the prior year and the Board remains
confident of delivering its full year expectations. Net debt was
also lower than at 30 November 2016.
-- In the Feeds division, performance has improved as planned
with the benefits of previous capital investment being delivered,
alongside a recovering dairy market due to higher milk prices.
-- In Food, the business has continued to focus on securing
additional customers to fully utilise the Wardle facility; whilst
this is underway first half performance has been below last year,
as expected. Outbound load demand has been robust through the
period.
-- The Fuels division performed as planned and ahead of last
year, growing volumes and increasing diesel and gas oil sales to
offset the normal lower levels of demand for heating oil in the
summer and autumn.
Notice of results
NWF will announce its results for the half year ended 30
November 2017 on Tuesday 30 January 2018.
A meeting will be held for analysts at 9.30 a.m. on the day of
the results announcement at MHP Communications, 6 Agar Street,
London, WC2N 4HN.
For further information please visit www.nwf.co.uk or
contact:
Richard Whiting, Chief Reg Hoare / Andrew Justin Jones / Mike
Executive Leach Bell
Chris Belsham, Finance MHP Communications Peel Hunt LLP
Director
NWF Group plc Tel: 020 3128 8100 (Nominated Adviser)
Tel: 01829 260 260 Tel: 020 7418 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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