Origin expects to meet full-year target
The Dublin-based company, which counts Irish-Swiss bakery giant Aryzta as its primary shareholder, yesterday reported first-quarter revenue of €307.3m for the three months to the end of October which is traditionally the quiet period of the firm’s financial year. This was down from €351.2m from the first quarter of its last fiscal year.
Origin’s management called the latest quarterly performance satisfactory and in line with expectations, given the time of year. The underlying decrease in revenue was blamed on lower global fertiliser and feed prices.
