Benchmark delivers good organic revenue growth
Benchmark, the aquaculture health, genetics and advanced nutrition business, today revealed that it had delivered good organic revenue growth over the half year.
In the six months ended March 31 2018 revenue increased by 9 per cent to £75.7m despite movements in foreign exchange rates. Adjusted EBITDA increased by 91 per cent to £6.3m.
Malcolm Pye, CEO of Benchmark, commented: “The group has delivered good organic revenue growth and improving profitability on an adjusted basis, while we continued to invest in our pipeline of new products and infrastructure.”
“The outlook for the group is positive as the drivers for our business are stronger than ever before, with continued growth in aquaculture and increasing recognition from consumers, producers and regulators of the need for sustainable solutions to enable future growth.
“We also expect to benefit from the recently announced, strategically important Chilean JV. Overall, we remain on track to achieve our expectations for the current year, and are confident of Benchmark’s capacity to generate attractive returns in the years to come.”