You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW Welcome to the Supernatural Stocks podcast after a ridiculously busy week of company announcements. It was tough to decide what to focus on, so I followed my stomach and chose food.
The regional segment, which is mainly South Africa, was up 5.8%. Volumes fell in both segments, but the key difference is that pricing was positive 10% in the regional segment and minus 6.5% in the international segment as global pricing softened. It’s easy to assume that South Africa is always the problem and international businesses always do well, but life isn’t that simple.
That can hurt really badly for those who tried to chase the deal. Looking at the business itself, Quantum reports based on four segments. The largest by far from a revenue perspective is animal feeds, contributing roughly half of revenue. Perhaps the most interesting thing about Quantum is revenue in the eggs segment fell by R266 million, yet it swung strongly into a profitable position.
The developed markets are delivering for the group and that certainly helps, with Australasia, Europe and the UK all doing well. The UK is the standout. Group sales achieved growth of 8.8% for the 10-month period, which is decent, although operating costs delivered some pressure. Still, Ebitda margin before lease costs turned out okay and while no Heps guidance has been given, it seems this will be a decent year for the group.
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Source: ITNewsAfrica - 🏆 27. / 59 Read more »
Source: ITNewsAfrica - 🏆 27. / 59 Read more »