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FirstFarms A/S' interim financial report 1 January
FirstFarms A/S' interim financial report 1 January

Yahoo

time23-05-2025

  • Business
  • Yahoo

FirstFarms A/S' interim financial report 1 January

FirstFarms' Q1 result was not as originally expected Low pig prices at the beginning of Q1, lower impact from value adjustments and outbreak of foot and mouth disease (FMD) on the Group's largest cattle farm impacted FirstFarms in Q1. FMD will impact operations for the rest of 2025 and into 2026. Key figures Q1FirstFarms has in the accounting period Q1-2024 realised: · A turnover of 102 mDKK (2024: 104 mDKK) · An EBITDA of 12 mDKK (2024: 36 mDKK) · An EBIT of -4 mDKK (2024: 22 mDKK) · A pre-tax result of -14 mDKK (2024: 13 mDKK) 'The decrease in result is primarily due to the fact that the year started with low pig prices, and that the value adjustment of biological assets was reduced by 10 mDKK in Q1 2025 for both pigs and cows compared to Q1 2024. We have also had one-off costs of 5 mDKK,' says Co-CEO Michael Hyldgaard. Q1 continued to offer good milk prices and reasonable crop prices. The sale of crops with 12 mDKK higher in Q1 2025 than in in Q1 2024. The relatively low pig prices at the beginning of the quarter were replaces later in the quarter by higher prices, and it is expected that they will stabilise at the present level. Outbreak of foot and mouth diseaseOn 30 March 2025, authorities confirmed that FirstFarms had an outbreak of FMD at its cattle farm in Plavecky Stvrtok, Slovakia. 3,521 animals on the farm have subsequently been culled. A complex cleaning, preparation, planning and logistic work is in progress. At the moment, FirstFarms expects to put in the first animals in the stables around 1 November 2025. It will take up to two years from time of start-up, before the milk production is back to full capacity. The Group has another three stables with cattle in Slovakia with a total herd of 2,500 animals. These are free from infection. There have been no new outbreaks of FMD since 17 April 2025. The construction of FirstFarms' dairy in Plavecky Stvrtok is temporarily paused due to FMD. Expectations to 2025 are unchangedThe expectations to 2025 are affected by FMD. On 31 March 2025, FirstFarms adjusted downwards the previously announced expectations for 2025 with 45 mDKK to an EBITDA in the level of 70-110 mDKK and an EBIT of 0-40 mDKK. These expectations are downward adjustment does not take into account any regional, national or EU support schemes in connection with FMD. These matters have not yet been clarified. 'We expect a satisfactory year in our pig and crop production. Pig prices are expected to remain at a satisfactory level this year, and crops are generally doing well in the fields. Crop prices are also expected to remain stable at a reasonable level,' says Co-CEO Søren Bredvig. Best regards,FirstFarms A/S For further information:Please visit our website or contact chairman Asbjørn Børsting on phone +45 75 86 87 87. About FirstFarms:FirstFarms is a Danish stock exchange listed company. We operate FirstFarms with responsibility for the surrounding communities, and we deliver highest quality which is primarily sold locally. We act on new opportunities, that create value for our investors and for the surroundings. Every day, we work on creating a more sustainable company. Attachments (23) Q1 - 2025 announcement (23) Q1 - 2025 reportError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Cranswick launches review after Lincolnshire pig farm abuse claim
Cranswick launches review after Lincolnshire pig farm abuse claim

BBC News

time20-05-2025

  • Business
  • BBC News

Cranswick launches review after Lincolnshire pig farm abuse claim

The UK's largest pork supplier has launched an independent review into its animal welfare policies and livestock operations after claims staff were abusing piglets at a farm run by the based in Hessle in East Yorkshire, suspended using Northmoor Farm in Lincolnshire after covert footage, filmed by Animal Justice Project (AJP), appeared to show workers holding piglets by their hind legs and slamming them to the ground, using a banned method of killing the animals known as "piglet thumping".Asda, Morrisons, Sainsbury's and Tesco suspended using the farm after the footage emerged last said it would not sell on any pigs that were based at the farm. In a statement, chief executive Adam Couch said the business was reviewing the welfare of its operations."We take seriously any instance, anywhere in our supply chain, where behaviour fails to meet those standards," he said."We are therefore instigating a new, fully independent, expert veterinarian review of all our existing animal welfare policies, together with a comprehensive review of our livestock operations across the UK."We will provide a further update on this work in due course."According to AJP, other footage appeared to show the botched killing of a sow that left the animal screaming. Another sow was also apparently shown being beaten with metal the Welfare of Animals at the Time of Killing Regulation, using blunt trauma to kill pigs is illegal in founder, Claire Palmer, called for an "independent public inquiry into pig farming practices and regulatory failures". Announcement of the independent review came as Cranswick revealed revenues had grown by 6.8% to £2.72bn for the year to March, compared with the previous year, due to demand for its luxury products and record Christmas firm said fresh pork export revenues lifted by more than 10% after it benefited from the reinstatement of a contract with the company also revealed that pre-tax profits grew by 14.6% to £181.6m for the year. Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.

Kaleb Cooper attacked by pigs as Jeremy Clarkson stands by and does nothing
Kaleb Cooper attacked by pigs as Jeremy Clarkson stands by and does nothing

Yahoo

time19-05-2025

  • Entertainment
  • Yahoo

Kaleb Cooper attacked by pigs as Jeremy Clarkson stands by and does nothing

Kaleb Cooper cried out as he has struggles with 11 mischievous pigs at Diddly Squat Farm — meanwhile Jeremy Clarkson does nothing to help! The hilarious moment is one of the first looks at the latest instalment of Clarkson's Farm titled "Kaleb gets attacked by pigs". The show is returning for its fourth season on Friday on Prime Video, with its first two episodes set to be available. The pigs played a huge part in the third series as Clarkson's Farm suffered a tragedy with many of the piglets dying. Season three ended with Clarkson in tears as pig Baronness was euthanised. This time round, it looks like the pigs are going to be up to some mischief. "Aahhh, f***ing hell," Cooper shouted as the pigs appeared to come at him. "Ow, ow, ow, ow, f***," he complained. Watch Kaleb Cooper get attacked by pigs in Clarkson's Farm All while Clarkson was stood outside of the animal trailer appearing to ignore his distress. Instead he was looking at the surrounding environment on Diddly Squat Farm. "This tree is irritating," Clarkson remarked while Cooper was struggling with the pigs. It all started when Cooper was guiding all of the pigs to come into the animal trailer after him. "Come on piggies," Cooper had shouted as urging the animals to follow him into the truck by holding some of their food as bait. Quickly it descended into chaos in typical Clarkson's Farm fashion with the pigs charging at Cooper and leaving him crying out for help. "Could someone please undo the — ahhh!" Cooper said. Clarkson appeared to ignore him for some time. Eventually the farm manager managed to get Clarkson's attention. Then the former Top Gear presenter opened the door allowing Cooper to escape the feisty pigs... Phew! Despite the trailer released in recent weeks teasing that Cooper was on tour, he is only away for two episodes of the eight-part series. Harriet Cowan, a 24-year-old nurse, stands in for him while he is touring the UK. The farm manager explained what it was like to be away from his duties at Diddly Squat Farm. He said: "It was great. It was busy, but in a good way and there was so much rain we couldn't really do much farming anyway. It's never ideal to be away, but because of the weather it was a perfect time to not be on the farm. "But I just missed farming. It was quite weird, from doing my day job of being on a farm to then not being on the farm at all. Luckily, while I was touring around the country I met loads of different farmers, they'd invite me to come and have a cup of tea on their farms. "So I still managed to speak to a lot of farmers and see how different things are grown, and different tool types and all this stuff. It was like 'Farmer Tinder'. They'd pick me up outside the theatre and then drop me back. "My poor manager was like, 'Who are you going with?' And I'd say, 'I don't know. I've never been there before!'. I went to a farm in Scotland, it was January, and the grass there was still growing. So it was weird to see the different climates all over the country. I'm based in Oxfordshire, so at that time of the year, there was no grass growing at all. But their grass looked amazing." The fourth series of Clarkson's Farm will launch globally on Prime Video 23 May.

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