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2015-08-27

FirstFarms A/S: Interim financial report for 1 January - 30 June 2015 for FirstFarms A/S

Summary

The Board of Directors and Management of FirstFarms A/S have today reviewed
and adopted the un-audited interim financial accounts for the period 1
January - 30 June 2015.

EBIT result in first half year as expected

* FirstFarms has in the accounting period realised a turnover of DKK 32.3
million, an EBIT result of DKK 3.7 million and a pre-tax result of DKK 0.7
million.
* In the first half year, the milk price has been lower than budget and
significantly lower than first half year of 2014. The milk price is still
low. The milk production corresponds to the expectation. Compared to first
half year 2014, the same quantity of milk has been delivered whereas the
income from the milk is approx. DKK 11 million lower.
* The sales prices on grain and oil seed are expected a little higher than
budgeted.
* The harvest yields have been satisfactory for the part of the harvest which
has been completed. Harvest of the spring crops; primarily sunflower, maize
and beets still remains. As it has been dry and hot in Eastern Europe,
there is an uncertainty about this part of the harvest and the final
settlement prices.
* As a result of the low milk prices, the 2015-expectations are adjusted
downwards with DKK 6 million, thus an EBIT result of DKK 0 to 5 million is
now expected.

Billund, 27 August 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.

Q2-2015
http://hugin.info/137806/R/1947980/707493.pdf

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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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