Origin Enterprises Plc
03 December 2007
Origin Enterprises plc
TRADING UPDATE
3 December 2007
Origin Enterprises plc ('Origin') has delivered an excellent performance in its
first quarter, primarily due to the renewed buoyancy in primary producer
markets. In particular, increased cereal plantings in the UK are driving a
higher application of key farm inputs, resulting in an improved performance
within the Group's Agri-Inputs business.
It should be noted that historically just over 15% of operating profit is earned
in the first quarter of the financial year.
The renewed momentum across the markets in which Origin operates reflects a new
underlying growth dynamic. The Group is well placed to achieve growth from
continuing operations in the current financial year.
Enquiries
Brendan Fitzgerald
Chief Financial Officer
Origin Enterprises plc
151 Thomas Street
Dublin 8
Tel: +353 1 6121259
Fax: +353 1 6121333
Website: www.originenterprises.com
About Origin Enterprises plc
Origin Enterprises plc is a leading Agri-Nutrition and Food company. The
Agri-Nutrition division, through its manufacturing and distribution operations
in Ireland and the UK, has leading market positions in the supply of feed
ingredients, crop nutrition and specialist marine proteins. The Group's Food
division comprising sales, marketing distribution and manufacturing activities
in Ireland, has leadership positions in ambient food, across the retail, food
service and manufacturing sectors. The Group has the benefit of a substantial
operating asset base including a number of significant properties with
development potential located in areas destined for future development and
regeneration.
Note
All comments are based on unaudited management accounts. Certain statements made
in this trading update are forward-looking statements. Such statements are based
on current expectations and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from any expected
future events or results referred to in these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
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