We bring together biology and technology to enable food producers to improve their sustainability and profitability.
Investment Proposition
High growth markets
Focus on established, fast growing markets of genetics, health and specialist nutrition serving the increasingly important aquaculture sector.
Unique model
Benchmark has a differentiated model bringing together genetics, health and specialist nutrition, which combined can contribute significantly to improve the sustainability and profitability of aquaculture producers.
Barriers to competition
Market leadership, strong patent portfolio, long established breeding programmes and accredited manufacturing capability.
Scalable
Global distribution network and production capacity to support growth.
Potential to deliver high shareholder returns
Our platform is capable of delivering double-digit growth and a 25% Adjusted EBITDA margin in the next three to five years.
Strategy
- Grow in established markets from existing capacity and through partnerships
- Commercial delivery of pipeline products
- Focused investment in markets that leverage Group platform
- Position Benchmark in areas of future growth
Share Price (GBX)
Regulatory News
Click the video to watch
Benchmark's Capital Market Day 2018
Financial Calendar
| Date | Title |
|---|---|
| 30 September 2018 | Financial year end |
| October 2018 | Trading update |
| January 2019 | Announcement of full-year results |
| January 2019 | Publication of Annual Report and Accounts |
| March 2019 | Annual General Meeting |
| June 2019 | Announcement of half-year results |
| June 2019 | Publication of Interim Report |
| 30 September 2019 | Financial year end |
Financial Highlights
+8%
Revenue
£151.5m
Revenue
+68%
increase in Adjusted EBITDA
£17.0m
Adjusted EBITDA (2017: £10.1m)
11%
Adjusted EBITDA margin (25% nutrition, 25% genetics)
49%
Gross margin
| £m | 2018 | 2017 | Change% |
|---|---|---|---|
| Adjusted | |||
| Revenue | 151.5 | 140.2 | 8% |
| Adjusted EBITDA 1 | 17.0 | 10.1 | 68% |
| Adjusted Operating Profit2 | 10.2 | 5.2 | 96% |
| Adjusted Profit Before Tax 3 | 5.6 | 4.7 | 19% |
| Statutory | |||
| Revenue | 151.5 | 140.2 | 8% |
| Loss before tax | (13.7) | (8.1) | (69%) |
| Loss for the period | (4.4) | (7.1) | 38% |
| Basic loss per share (pence) | (0.94) | (1.43) | 34% |
| Net Debt 4 | (55.7) | (23.9) | - |
2 Adjusted Operating Profit is operating loss before exceptional items including acquisition related items and amortisation of intangible assets excluding development costs
3 Adjusted profit before tax is earnings before tax, amortisation and impairment of acquired intangibles, exceptional items and acquisition related expenditure
4 Net debt is cash and cash equivalents less loans and borrowings