Origin Enterprises plc (GB:OGN) has released an update.
Origin Enterprises plc has reported a decrease in year-to-date revenue by 20.7% to €1.5 billion, with full-year adjusted diluted EPS guidance set between 45 and 48 cents. The decline is attributed to adverse weather, which led to a reduced spring cropping area and delayed farm activities, although the company saw a volume increase of 5.7% partially offset by lower global feed and fertiliser pricing. Despite the downturn, the company’s share buyback program is 77% complete and the earnings base has demonstrated resilience through strategic diversification.
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