“We are pleased to deliver robust results, in line with management expectations, despite a particularly challenging backdrop of poor output prices for farmers, which has affected the entire industry. These robust results have been underpinned by the Group’s broad spread of activities across both the arable and feed sectors.
Along with our strong balance sheet, the breadth of Wynnstay’s model leaves us well-positioned to take advantage of opportunities for growth and we continue to invest in the infrastructure of the business.
While the macroeconomics of the market suggest a return to more acceptable pricing, which will bring renewed vigour to the sector, the recovery in output prices for farmers is difficult to predict. Notwithstanding this and the emerging implications of the EU referendum result, we believe that Wynnstay remains positioned to achieve its targets for the financial year and continue to view long term prospects positively."
