Origin stock secures ‘outperform’ rating as revenues rise by 7%

Agri-services group Origin Enterprises has seen its revenues rise 7% for the year to date, having reached the nine-month mark to Apr 30 in its fiscal year.

Group revenue was €959m for the nine months, up by 2% compared with €983.5m in the same period last year. During the third quarter, revenues increased by 22% to €451.6m.

These figures relate to agri-services. The consumer foods business is reported as an associated investment, following the completion of Origin’s transaction with Valeo Foods in Nov 2010.