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The latest announcement is out from Inghams Group Ltd. ( (AU:ING) ).
Inghams Group Limited announced strong interim financial results for the first half of fiscal year 2025, marking its second-highest interim earnings since listing. Despite a decline in both core and total poultry volumes, the company managed to maintain a disciplined pricing approach and achieved significant cost reductions, largely due to operational efficiencies and cost management initiatives. The acquisition of Bostock Brothers in New Zealand positively impacted sales and growth, and the company successfully adapted to changes in its customer portfolio following a new supply agreement with Woolworths. Inghams remains confident in meeting its FY25 guidance, with expectations of modest growth in core poultry net selling price and benefits from lower feed costs.
More about Inghams Group Ltd.
Inghams Group Limited operates within the poultry industry, focusing primarily on producing and supplying poultry products. The company serves both the retail and quick service restaurant (QSR) markets, with operations in Australia and New Zealand. It also engages in feed production to support its poultry business.
YTD Price Performance: 5.91%
Average Trading Volume: 694
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €739.8M
For a thorough assessment of ING stock, go to TipRanks’ Stock Analysis page.
