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May 31 2024, 07:05 IST/BST
Origin Enterprises
Agrii Polska site visit – Continental Europe a good growth opportunity
- Sectors : Foods
- Companies : Origin Enterprises
DAVY VIEW
Our key takeaway from the Origin Enterprise site visit to its Polish operations is a growing willingness from Continental Europe (CE) farmers to adopt value-add products and services from advanced distributors such as Origin. The event showcased the breadth of Origin’s product portfolio, which provides a point of differentiation and advantage relative to its localised peer group. In FY23, the region represented 17% of group operating profit. We see scope to grow profits over the medium term. We reiterate our ‘Outperform’ rating and 460c price target.
