Anpario PLC AGM Statement (1544C)
June 17 2021 - 1:00AM
UK Regulatory
TIDMANP
RNS Number : 1544C
Anpario PLC
17 June 2021
17 June 2021
Anpario plc
(" Anpario " or the " Company ")
AGM Statement
Anpario plc, the independent manufacturer of natural sustainable
animal feed additives for health, nutrition and biosecurity, is
holding its AGM later today. Peter Lawrence, Chairman, will make
the following comments:
"The Board would firstly like to thank all our staff and other
stakeholders for their continued efforts in ensuring production and
delivery of our products to our customers and subsidiaries around
the world especially during this challenging period caused by the
Covid 19 pandemic.
The Company has delivered good sales and improved profit
performance with sales at a similar level to last year, which was a
very strong comparative period as customers had increased stock
levels at the onset of the pandemic. Most regions are performing to
plan with China experiencing a very strong performance, benefiting
from last year's ban on anti-biotic growth promoters (AGPs) in
animal feed. South East Asia's performance is, however, weaker as
countries imposed new lockdowns in response to increasing infection
rates and, with less tourism which has reduced overall protein
consumption.
Our Brexit contingency plans are working well, helping to reduce
disruption and we now look forward to our efforts coming to
fruition now supported by our European stockholding hub.
As with most industries, we are experiencing raw material price
inflation and some disruption in our supply chains and global
shipping operations. However, we are implementing price increases
to help mitigate the increase in costs and our export and logistics
team is managing to overcome the logistics issues. We expect these
challenges to continue until the last quarter of this year.
It is worth noting that Anpario's unique formulation technology
also benefits customers as we are able to offer solutions which are
more cost effective than alternative competitor products.
We are encouraged by some recent business development successes
including a large Brazilian poultry integrator using Orego-Stim(R)
and growth in Latin America for our aquaculture products, which are
currently being launched in specific countries across Asia. Our
exciting growth opportunities and strong balance sheet, which is
reflected in our strong cash position, gives me confidence that the
Company will continue to develop and grow in the years ahead.
Finally, this is my last AGM as I retire from the Board today. I
would therefore like to take the opportunity to thank all staff and
shareholders for their loyalty and support of Anpario in helping to
build a successful company which has delivered significant
shareholder value. As I hand over the Chair to Kate Allum, I am
confident that the board with its newer members, will successfully
continue to steer the company through these unusual times to ensure
to deliver value to our shareholders.
The Company's interims for the six months period ended 30 June
2021 are expected to be announced on 15 September 2021."
Enquiries:
Anpario plc
Richard Edwards, Chief Executive
Officer +44 (0)7776 417 129
Karen Prior, Group Finance Director +44 (0)1909 537 380
Peel Hunt LLP (NOMAD and broker) +44 (0)20 7418 8900
Adrian Trimmings
Andrew Clark
Will Bell
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END
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