CEO Anders H. Nørgaard . Satisfactory Q3 points to historic 2021 result The prices of crops have affected FirstFarms A/S' result in the first 3 quarters of 2021 positively, as FirstFarms annually is a large net seller of crops. At the same time, FirstFarms has resisted the low pig prices, as this operation is one in four and therefore the company is not dependent on good prices for pigs. As a result, FirstFarms is presenting a satisfactory result in a very troubled market and announces that the
CEO Anders H. Nørgaard . FirstFarms A/S has today completed the sale of the company’s agriculture in Northwest Romania (company announcement no. 14 of 15 July 2021). The sales price for the activities is 104 mDKK. In connection with the acquisition in 2020 a total of 19.7 mDKK before tax has been recognised as income. The income constitutes the difference between the fair value of the acquired assets deducted the acquisition price with shares at market price as per the date of take-over in 2020.
FirstFarms A/S has as planned sold additional 477 hectares of land in West Romania as part of a conditional sales agreement of totally 1,675 hectares (company announcement no. 15 of 9 June 2020). There has previously been sold 933 hectares (company announcement no. 28 of 12 October 2020, company announcement no. 31 of 15 December 2020 and company announcement no. 1 of 27 January 2021). A total of 1,410 hectares have now been sold and the remaining 265 hectares are expected sold in Q1 2022. The t