Origin Enterprises eyes 4% earnings growth

Agri-services group Origin Enterprises has reiterated its expectation of earnings growth of over 4% in its current financial year, on the back of good performance in its seasonally important third quarter.

The Dublin-based business — up until recently majority owned by Irish-Swiss baked goods group Aryzta — yesterday reported a 0.8% year-on-year increase in underlying revenues for the three months to the end of April.

That prompted management to maintain its full-year guidance, for adjusted diluted earnings per share, of 60c for the 12 months to the end of July. That total would be around 4.3% up on the 57.51c generated in its last financial year, which, in turn, represented an annual jump of over 10%.