Origin Enterprises plc (GB:OGN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Origin Enterprises reported an 11.8% drop in Q1 revenue to €469.4 million, largely due to a challenging start in its Agriculture segment with an 8.1% decline in volumes because of adverse weather conditions. Despite this, the company’s Living Landscapes business saw a robust 24.8% revenue increase, bolstered by organic growth and recent acquisitions. The firm anticipates a recovery in Agriculture volumes in Q2 as weather conditions improve.
For further insights into GB:OGN stock, check out TipRanks’ Stock Analysis page.
