ZAM has reported results for the year ending September 2021. Despite another tough (albeit improving) macro year in Zambia, ZAM has delivered a very resilient performance highlighting its strong market position and operational management. The group has navigated high inflation, supply constraints, a consumer trading down, drought and load-shedding to deliver results that are slightly better than our expectations. Year-end net debt was in line and a comfortable 19% of equity. We slightly upgrade ....

30 Nov 2021
Zambeef - FY 2021 results: remarkable resilience

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Zambeef - FY 2021 results: remarkable resilience
Zambeef Products PLC (ZAM:LON) | 6.2 0 (-2.0%) | Mkt Cap: 25.0m
- Published:
30 Nov 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
12 -
ZAM has reported results for the year ending September 2021. Despite another tough (albeit improving) macro year in Zambia, ZAM has delivered a very resilient performance highlighting its strong market position and operational management. The group has navigated high inflation, supply constraints, a consumer trading down, drought and load-shedding to deliver results that are slightly better than our expectations. Year-end net debt was in line and a comfortable 19% of equity. We slightly upgrade ....