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FirstFarms A/S: Annual report 2014 for FirstFarms A/S


The Board of Directors and Management of FirstFarms A/S has today reviewed and
adopted the annual report for 2014.

2014: EBIT-result as expected in FirstFarms * In 2014, FirstFarms realised a turnover of DKK 125.0 million, an
EBIT-result of DKK 19.2 million and a pre-tax result of DKK 11.5 million.
* The result is significantly improved compared to 2013 and the EBIT-result
corresponds to the announced expectation.
* The harvest yields in Romania were better than expected, and the same were
the spring crops in Slovakia. The maize harvest in Slovakia corresponded
more or less to the expectation.
* The prices on grain and oilseeds were in 2014 lower than expected at the
beginning of the year. FirstFarms had entered agreements to sell part of
the harvest during the spring, and it toned down the effect of the price
* The milk price in 2014 was significantly lower than expected at the
beginning of the year, and it has been decreasing during 2014. Milk
production per cow was higher than originally expected. The result in the
milk production was in total lower than expected, but significantly better
than in 2013.
* In 2014, FirstFarms realised a positive cash flow from main activities of
DKK 4.4 million.

2015: ExpectationsIn 2015, FirstFarms expects an EBIT-result of DKK 6-11 million.

FirstFarms' annual report can be seen in its full length in the attached
document/link (66 pages).

Billund 26 March 2015

FirstFarms A/S

For further information:

Please visit our websitewww.firstfarms.comor contact CEO Anders H. Nørgaard on
telephone +45 75 86 87 87.

Annual report 2014 - company announcement
Annual report 2014


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FirstFarms A/S via Globenewswire


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