As a result of the shift in the expected Genus PIC mix towards royalty contracts and persistent dairy market weakness, we have lowered our revenue forecasts for FY2016-18. We have also increased forecast R&D expenditure and reduced margin expectations in Genus ABS to reflect the weak dairy market conditions: we note that the US dairy farming industry is forecast to incur losses through the remainder of this calendar year. However, trading in Genus PIC remains strong and we have increased our med ....
10 Mar 2016
Minor downgrade on persistent dairy market weakness: remains a Hold
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Minor downgrade on persistent dairy market weakness: remains a Hold
Genus plc (GNS:LON) | 1,724 -655.1 (-2.2%) | Mkt Cap: 1,138m
- Published:
10 Mar 2016 -
Author:
Dr Jens Lindqvist -
Pages:
3
As a result of the shift in the expected Genus PIC mix towards royalty contracts and persistent dairy market weakness, we have lowered our revenue forecasts for FY2016-18. We have also increased forecast R&D expenditure and reduced margin expectations in Genus ABS to reflect the weak dairy market conditions: we note that the US dairy farming industry is forecast to incur losses through the remainder of this calendar year. However, trading in Genus PIC remains strong and we have increased our med ....