Origin Enterprises (AIM:OGN and ESM:OIZ)
Full year results for the year ended 31 July 2018.
An interesting business…
The main focus of the Group is to be the leading provider of value added services, technologies and strategic inputs that support the delivery of sustainable and profitable food production solutions for primary producers.
The Group has operations in Ireland, the United Kingdom, Poland, Ukraine and Romania.
Results for the year ending 31 July 2018 – promptly announced on 26 Sept 2018
Group revenue +6.5% to €1.62bn
Operating profit +1.7% to €71.2 million and +4.6% on a constant currency basis
Adjusted diluted Eps +4.7% to 48.80 cents, ahead of guidance, and up 7.6% on a constant currency basis
Acquisitions contributed 5.0% to sales growth and 3.6% to operating profit growth in the year on a constant currency basis
Reported net profit €56.8 million was up 24.5% primarily due to a significant reduction…
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