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27 November 2020

Full Year Results 2020: A year of transformation and achievements

Benchmark today announced its full year results for the year ended 30 September 2020. 

Full announcement can be read here

Peter George, Chairman, commented:

“2020 was a transformational year for Benchmark. With the restructuring complete, we now have a streamlined Group focused on the three core aquaculture areas of Genetics, Advanced Nutrition and Health, each with substantial growth opportunities and long-term positive drivers which give us optimism for the future. Our focus remains on becoming a profitable cash generative Group. 

“Against a very challenging backdrop this year with Covid-19, I am proud of the Group’s resilience both operationally and financially and this reflects well on the commitment and contribution of Benchmark employees.”

 

Trond Williksen, CEO, commented: 

“2020 was characterised by the successful delivery of an ambitious and necessary restructuring programme, and by our response and resilience to the challenges brought by the Covid-19 pandemic”.

“Our results reflect a mixed performance across our business areas with a strong performance in Genetics offset by the effects of the restructuring programme and the impact of Covid-19, especially on the global shrimp markets.”

“Moving into FY21, our focus is on becoming profitable and cash generative. Following the restructuring we are well-positioned in an exciting aquaculture industry, and we have significant potential to be realised in the years to come.”