MHP SE GDR RegS (GB:MHPC) has released an update.
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MHP SE, a leading international agro-industrial group, has continued operations amidst the Ukraine war, with first quarter results showing stable production volumes but a 4% revenue decrease to $719 million from the previous year. The company faced $10 million in war-related costs and a significant loss due to a warehouse destruction, but its Balkan operations remain unaffected. Despite challenges, MHP maintains operational readiness to protect employees and sustain production, with a net profit drop to $16 million compared to $49 million in Q1 2023.
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