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Prices & Quotes - UK Markets - Benchmark Holdings (BMK)

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Share Price:
Up 54.00p
Change Today:
1.00p
Market Cap:
380.04m
Sector:
Pharmaceuticals & Biotechnology

Aquaculture firm Benchmark ends year ahead of market forecasts

By Josh White

Date: Monday 18 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Aquaculture biotechnology company Benchmark said in a trading update on Monday that, after positive financial results in its third quarter, it had maintained that momentum through the final three months of the financial year, delivering a "stronger-than-expected" trading performance across its three business areas.
The AIM-traded firm said that was driven by its continued strong commercial focus, disciplined cost control and further recovery in its end markets.

Its advanced nutrition business area delivered "excellent" year-on-year growth, while its genetics business made a strong end to the year, and its health business area saw the company achieve its first revenues from its sea lice treatment, 'Ectosan Vet' and 'CleanTreat'.

The board said all business areas delivered above the board's expectations in September.

As a result, while still subject to audit, the group said its adjusted EBITDA for the year ended 30 September was expected to be "significantly ahead" of the current market consensus, which was for 15.9m.

"We are pleased by the continuing momentum in the business, which reflects the benefits of our clear commercial focus, having streamlined the organisation, our continued disciplined approach to cost control and good demand for our products in our recovering markets," said chief executive officer Trond Williksen.

"As a focused aquaculture biotechnology company with three strong business areas, we are well-positioned to capture market opportunities and deliver profitable growth."

At 0846 BST, shares in Benchmark Holdings were up 10.35% at 62.9p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BMK Market Data

Currency UK Pounds
Price 54.00p
Change Today 1.00p
52 Week High 65.00p
52 Week Low 52.00p
Volume 200,016
Shares Issued 703.79m
Market Cap 380.04m
Beta 0.02

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
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BMK Dividends

No dividends found

Trades for 26-Jan-2022

Time Volume / Share Price
13:22 15,000 @ 54.60p
11:30 9 @ 55.10p
10:56 6,369 @ 53.09p
10:50 3,345 @ 53.06p
10:24 20,000 @ 54.00p

BMK Key Personnel

CFO Septima Maguire
CEO Trond Williksen