Wynnstay (GB:WYN) has released an update.
Wynnstay Group PLC has reported that its financial performance for the year ended 31 October 2024 will fall significantly below market expectations, primarily due to weaker second-half results in the Feed division and decreased poultry feed volumes. Additionally, the fertiliser blending operation at Glasson Grain has faced reduced volumes and lower market prices, impacting margins. Despite these setbacks, the company maintains a strong balance sheet and anticipates a more favorable financial outlook for FY25, with continued emphasis on operational improvements and future investments.
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