Benchmark Holdings (BMK)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

 48.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 61.50
  • 52 Week Low: 39.50
  • Currency: UK Pounds
  • Shares Issued: 558.39m
  • Volume: 35,606
  • Market Cap: £268.03m
  • Beta: 0.00

Benchmark Holdings' earnings and revenues swim ahead in 'solid' first half

By Iain Gilbert

Date: Monday 03 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Aquaculture firm Benchmark Holdings revealed on Monday that both EBITDA and revenues had improved during the first half of its trading year.
Revenues were 3.4% firmer year-on-year at £78.3m, driven by growth in genetics, animal health, and knowledge services, which benchmark said had "more than offset" its lower revenues in advanced nutrition as a result of weakness in the global shrimp market.

Benchmark also recorded an adjusted EBITDA of £7.5m - up 23% on the first half of the prior year - on the back of the contribution of higher value products, an increase in the value of biological assets and improved capacity at its new land-based salmon egg facility in Norway.

The group's EBITDA margin grew from 8% to 10%, while net debt at 31 March came £65.5m - a 59% widening year-on-year.

Looking forward, Benchmark noted conditions in its core markets were mixed, with salmon benefitting from growing demand and stable prices but shrimp and sea bass/bream markets seeing a temporarily depressed price as a result of overstocking.

However, the AIM-listed firm said the volatility was "not unusual" in its markets and assured investors it was "monitoring it closely".

Chief executive Malcolm Pye said: "The company delivered a solid first half performance which places us well to refinance our existing credit facilities.

"We remain focused on delivering efficiencies which will further drive margins and allocate capital to our priority areas of growth"

As of 0815 BST, Benchmark shares had slipped 1.86% to 42.20p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BMK Market Data

Currency UK Pounds
Share Price 48.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 61.50
52 Week Low 39.50
Volume 35,606
Shares Issued 558.39m
Market Cap £268.03m
Beta 0.00

BMK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.00% above the market average21.00% above the market average21.00% above the market average21.00% above the market average21.00% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Price Trend
6.8% below the market average6.8% below the market average6.8% below the market average6.8% below the market average6.8% below the market average
15.25% above the sector average15.25% above the sector average15.25% above the sector average15.25% above the sector average15.25% above the sector average
Income Not Available
Growth
27.46% above the market average27.46% above the market average27.46% above the market average27.46% above the market average27.46% above the market average
13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BMK Dividends

No dividends found

Trades for 20-Sep-2019

Time Volume / Share Price
15:12 3,100 @ 46.66p
14:34 24,000 @ 49.85p
12:08 188 @ 49.87p
09:27 8,318 @ 47.60p

BMK Key Personnel

CEO Malcolm Pye

Top of Page