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Wynnstay help farmers to feed the UK in a more sustainable way
The Group is confident that macro-economic factors, including world population growth and the need for higher levels of national self-sufficiency, should continue to make the UK a strong and growing food producer. In addition, the UK farming sector benefits from a favourable growing climate.
The fragmented nature of the UK’s agricultural supplies market presents growth opportunities, and the Group has demonstrated its ability to increase its market share organically and through complementary acquisitions. Wynnstay has completed over 50 corporate transactions and expanded its supplied product range to more than 25,000 SKU’s, becoming a preferred route-to-market for many of its suppliers.
Market Share (Source Wynnstay)
Feed |
Arable |
Merchanting |
6th largest UK feed producer Bagged feeds and bulk deliveries |
3rd largest UK cereal seed processor 4th largest UK grass seed processor |
54 depots across Wales, the Midlands, North West and South West England Supplying farmers, small holders and rural dwellers |
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Financial Performance Highlights for year ending 31 October 2021
REVENUE:The invoiced value of sales from the Group’s activities, measured at a fair value net of all rebates and excluding value added tax. £500.39m (2020: £431.40m). |
EBITDA:Earnings before interest, tax, depreciation and amortisation, and excluding non-recurring costs, and share-based payment expense. £18.21m (2020: £14.15m). |
EARNINGS PER SHARE:Profit for the year after taxation divided by the weighted average number of shares in issue during the year 44.40p (2020: 27.73p).
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UNDERLYING PRE-TAX PROFIT:Underlying pre-tax profit includes the Group’s share of pre-tax profit from joint ventures and associate investments but excludes non-recurring costs and share-based payment expense. £11.44m (2020: £8.37m). |
RETURN ON NET ASSETS:Underlying pre-tax profit, with intangible amortisation added back, divided by the balance sheet net asset value. 10.8% (2020: 8.6%)
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NET ASSETS PER SHARE:The balance sheet net asset value, divided by the weighted average number of shares in issue during the year. £5.25 (2020: £4.92).
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The Board are pleased with the financial performance of the Group during the year which continues to demonstrate the value to be generated from the balanced business model operated for many years and which forms the basis for the continuing strategy focusing on customers in the dairy, free range egg, high input beef & sheep and arable sectors of UK farming.
Paul Roberts
Finance Director
1 February 2022