Summary
The Board of Directors and Management of FirstFarms A/S have today
reviewed and adopted the un-audited quarterly accounts for the period
1 January - 31 March 2008.
Highlights
* As expected, FirstFarms has for the first time achieved a
positive EBIT result in the first quarter of 2008. In the period,
FirstFarms has achieved a turnover of DKK 14.6 million, an EBIT
result of DKK 0.7 million and a pre-tax result of DKK 2.0
million.
* FirstFarms maintains its expectations for 2008 with a turnover of
DKK 85-90 million, an EBIT result of 6-8 million and a pre-tax
result of 10-12 million.
* In the accounting period, FirstFarms A/S has bought up 1,024
hectares land in Romania. In 2008, the company has bought up
1,315 hectares and has ownership of totally 5,891 hectares of
agricultural land in Romania.
* Construction of cattle stalls in Slovakia is at present running a
little behind the defined timetable. It is expected to make up
for the delay.
Billund, 29 May 2008
FirstFarms A/S
Henrik Hougaard Kim Stokholm
Board Chairman Managing
Director
For further information:
Please visit our website www.firstfarms.com or
contact Managing Director Kim Stokholm on telephone +45 75 86 87 87.
