Update to Full Year Outlook

RNS Number : 5378K

Origin Enterprises Plc

06 May 2022

 

Origin Enterprises plc

UPDATE TO FULL YEAR OUTLOOK

6 May 2022: Origin Enterprises plc ('Origin' or 'the Group') today issues a trading update and earnings guidance for the year to 31 July 2022 ('FY 2022') in advance of its Capital Markets Day on 10 May 2022.  This update is provided before the Group's third quarter trading update, for the period to 30 April 2022 ('Q3'), which will be published on 15 June 2022.

Full Year Outlook

As outlined in the Trading Update of 8 April 2022, the Group experienced strong trading across all three segments, which has continued through Q3.  The war in Ukraine and ongoing global energy and supply challenges have resulted in exceptional price volatility for both agricultural outputs and fertiliser raw materials.  Continued strong on-farm sentiment and favourable weather conditions in the key application window have supported us in successfully navigating this price volatility across all segments. As a result, the Group now expects to deliver higher full year fully adjusted diluted earnings per share for FY 2022 in the range of 49 to 57 cent (excluding any impact of the on-going share buyback programme).

Capital Markets Day

The Group's 2022 Capital Markets Day for analysts and institutional investors will take place on Tuesday, 10 May at the offices of Numis, 45 Gresham Street, London EC2V 7BF, between 14:00-17:00 BST.  Hosted by Sean Coyle, Group CEO and TJ Kelly, Group CFO, together with senior leaders from across the business, the team will present the Group's key medium-term strategic, financial and operational objectives.  No material new information will be provided on current trading at the Capital Markets Day further to today's trading update.

Details for the event, which will also be streamed via live webcast, are available at:

https://originenterprises.com/capital-markets-day-2022

ENDS

This announcement contains inside information. The person responsible for arranging release of this announcement on behalf of Origin is Barbara Keane, Company Secretary & General Counsel.

Enquiries

Origin Enterprises plc
TJ Kelly
Chief Financial Officer	Tel:	[phone]
Brendan Corcoran
Head of Investor Relations	Tel:	[phone]

About Origin Enterprises plc

Origin Enterprises plc is an international Agri-Services group, providing specialist agronomy advice, crop inputs and digital agricultural solutions to farmers, growers, landscapers and amenity professionals. The Group has leading market positions in Ireland, the United Kingdom, Brazil, Poland, Romania and Ukraine. Origin is listed on the Euronext Growth (Dublin) and AIM markets of the Irish and London Stock Exchanges.

Euronext Growth (Dublin) ticker symbol:  OIZ

AIM ticker symbol:                                    OGN

Website:                                                    www.originenterprises.com

 

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