The leading poultry companies, Astral Foods in South Africa and Inghams Group in Australia, have recently issued trading statements ahead of their upcoming financial results. Astral Foods anticipates a significant decrease in per-share earnings for the latest six-month period, while Inghams Group expects a slight reduction in poultry meat production for the fiscal year.
Companies listed on the Johannesburg Stock Exchange, like Astral Foods, are mandated to disclose any developments that could result in a substantial deviation in their financial performance compared to the previous period. Astral Foods projects a decline of 45-55% in Earnings per Share for the first half of 2025 due to various challenges, including constrained consumer spending and increased feed costs.
In a voluntary trading statement, Astral Foods highlighted the impact of a cybersecurity attack that disrupted its Poultry Division’s production, leading to lost revenue and additional costs. Despite the setback, the company swiftly resolved the issue and confirmed the security of its data and records.
On the other hand, Inghams Group reported a partial production recovery following adjustments to its supply agreement with a key customer, Woolworths. The company’s poultry meat production is expected to be slightly lower for the fiscal year, offset by increased retail sales and improved net selling prices in both Australia and New Zealand.
Inghams Group’s CEO, Andrew Reeves, expressed confidence in the company’s ability to navigate the changes in its customer portfolio and return to growth with a more diversified customer base. The firm is forecasting its operating profit to fall within a specific range for the full year, reflecting its strategic adjustments in response to market dynamics.
With Astral Foods leading Africa’s poultry meat production rankings and Inghams Group dominating Oceania’s poultry market, both companies have demonstrated resilience and adaptability amid industry challenges. Astral Foods rebounded from a tough period in 2024, while Inghams Group continued to deliver strong results despite production adjustments.
As the global poultry industry evolves, companies like Astral Foods and Inghams Group remain pivotal players, setting benchmarks for operational efficiency and strategic foresight. Their proactive approach to addressing market fluctuations and operational disruptions underscores the importance of agility and innovation in sustaining long-term growth and profitability in the competitive poultry sector.
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