skip to content

Trading statements

NWF trades higher in first quarter

28 September 2017 08:11

NWF Group, an agricultural and distribution business, said trading in the first quarter has been ahead of last year and in line with the board's expectations.

Sir Mark Hudson, chairman, said net debt reflects the normal seasonal fluctuations.

Feeds summer market volumes have been robust as the milk price continues to improve, margins are in line with expectations and the anticipated cost savings from the new operating platform are being delivered as planned.

In the Food division, trading has been in line with our expectations and the focus remains on business development to fully use the Wardle site in 2018. Activity levels have followed the normal seasonal pattern in the first quarter and service levels remain good at 99.6%.

Fuels has delivered a solid improvement in profitability compared to prior year. Volumes have continued to increase, particularly as a result of increased commercial business, with road diesel contributing most significantly to the growth.

"The board's outlook for the financial year remains in line with its expectations and we continue to focus on development opportunities, both organic and through targeted acquisitions," said Hudson.

At 8:11am: (LON:NWF) NWF Group PLC share price was +3.5p at 167.5p

Story provided by StockMarketWire.com

Related Company: NWF

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.