Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • Investegate.co.uk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com
  • FETransmission.com
  • Trustnet.hk
  • FEAnalytics.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Origin Enterprises (OGN)

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Monday 30 November, 2009

Origin Enterprises

Trading Statement

RNS Number : 2458D
Origin Enterprises Plc
30 November 2009
 





Trading Update


30 November 2009

 

This Trading Update relates to the three month period ended 31 October 2009.


Origin Enterprises plc ('Origin' or the 'Group') reports a performance in line with our expectations for the first quarter of the 2010 financial year. Reflecting the increased seasonality of the business approximately 20% of annual operating profits are typically earned in the first half of the financial year.


Highlights

  • Group revenue of €323.5 million, a decrease of 23.8%

  • Acquisitions completed in the second half of 2009 accounted for 3.3%

  • The transfer of our Marine Proteins business to Welcon accounted for (3.6%)

  • Currency accounted for (6.3%)

  • Reduction in underlying revenues of 17.2% principally due to the impact of lower commodity prices

  • EBITA* of €12.7 million for the first quarter compared with €21.2 million in the corresponding period last year 

* including share of profit after tax from associates and joint venture


Agri-Nutrition


The Agri-Nutrition division achieved revenues of €252.9m compared with €340.8m in the corresponding period last yearan underlying reduction of 17.5%. This reflects the impact of lower commodity prices and customers adopting a cautious approach to volume commitments in advance of the main application period. The Group's integrated agronomy services business, operating under Masstock in the United Kingdom and Dalgety in Poland, continues to perform well with forecasts for total arable plantings providing a positive platform for the full year performance from this business. 


Food


The Food division generated revenues of €70.6m compared with €83.9m in the corresponding period last year principally reflecting lower agency distribution activityFood has delivered a satisfactory performance against the background of continued weakness in consumer sentiment. Origin's consumer brands continue to demonstrate resilience and are well positioned in categories of consumer spending that are increasingly focused on staple food purchases. 


Joint Venture


The performance of Welcon, Europe's leading manufacturer of marine proteins and oils, is in line with expectations with satisfactory landings of raw material achieved in the period.


Outlook


Customers are adopting a wait and see approach in response to the current challenging environment for farming. The recent uplift in primary output markets, while welcome, has yet to positively impact farm incomes. Against this background we continue to maintain a cautious approach but remain comfortable with market expectations for the full year.


ENDS


Enquiries 


Brendan Fitzgerald

Chief Financial Officer

Origin Enterprises plc
151 Thomas Street

Dublin 8


Murray Consultants 

Joe Murray            086 2534950

Pauline Dooley         01 4980300


Tel: +353 1 6121259

Fax: +353 1 6121333


About Origin Enterprises plc


Origin Enterprises plc is a leading Agri-Nutrition and Food company listed on the IEX and AIM markets of the Irish and London Stock Exchanges. The Agri-Nutrition division, through its manufacturing and distribution operations in Ireland, the United KingdomPoland and Norway, has leading market positions in the supply of feed ingredients, integrated agronomy services, crop nutrition and marine proteins and oils. The Group's Food division, comprising sales, marketing, distribution and manufacturing activities in Ireland, has leadership positions in ambient food across the retail, food service and manufacturing sectors.


IEX ticker symbol: OIZ

AIM ticker symbol: OGN


Website: www.originenterprises.com


All comments are based on unaudited management accounts. Certain statements made in this Trading Update are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements.




This information is provided by RNS
The company news service from the London Stock Exchange
 
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