Origin Enterprises

Favourable conditions through key application season prompt further upgrades

  • Sectors : Foods
  • Companies : Origin Enterprises

Ratings and price correct at time of issue.

  • Origin Enterprises

    Closing Price: 437c

  • RATING 30/06/09



Despite some recent volatility, continued favourable nutrition pricing has underpinned strong performance through the key application season. The accelerated Q3 release prompts a further upgrade to full-year guidance; +24.5% at the mid-point of the revised range of 64-68c. Despite the exceptional nature of profit accrual through FY 2022, the result evidences the calibre of Origin’s fertiliser businesses and the agility of management in procuring and delivering stock through a period of heightened supply chain disruption and complexity. It further highlights that market externalities and strong financial performance are not mutually exclusive.

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Jun 10 2022, 07:15 IST/BST