StockMarketWire.com - Benchmark Holdings expects adjusted EBITDA for the 12 months to the end of September to be ahead of previous forecasts.
The group said revenue of £138m was in line with market expectations but adjusted EBITDA of £10m was ahead of the company's guidance of £8.7m-£9.3m provided in the announcement of 8 Sep.
It said the improved result from previous guidance was driven by positive trading in Genetics and Advanced Nutrition, and lower bonus accruals, partly offset by forex movements, Animal Health and lumpfish sales.
Chief executive Malcolm Pye said: 'Benchmark has delivered organic growth and has achieved significant operational milestones, whilst continuing to invest in the development of its pipeline and infrastructure despite the challenges faced through the year.
'These, together, position us as a leader in one of the fastest growing segments in the food industry with great opportunities for further robust growth in the future.'
Benchmark will announce its full year results on 23 Jan.
At 9:05am: [LON:BMK] Benchmark Holdings Plc share price was +3p at 54p
Story provided by StockMarketWire.com
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