Copenhagen - Delayed Quote • DKK FirstFarms A/S (FFARMS.CO) Follow Compare 69.20 -0.20 (-0.29%) At close: 4:36:06 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Financial calendar 2025 for FirstFarms A/S FirstFarms A/S’ Board of Directors has adopted the following financial calendar for 2025: 26 March 2025Annual report 202429 April 2025Annual general meeting28 May 2025Interim financial report 1 January – 31 March 202527 August 2025Interim financial report 1 January – 30 June 202526 November 2025Interim financial report 1 January – 30 September 2025 Proposals from the shareholders for discussion on the annual general meeting 29 April 2025 shall be in the Board of Directors’ possession at the late FirstFarms A/S’ interim financial report 1 January – 30 September 2024 Extreme weather affects the result The interim result is affected by extreme weather and is not satisfactory. The Board of Directors and Management of FirstFarms A/S have today reviewed and adopted the unaudited interim financial accounts for the period 1 January – 30 September 2024. Main figures FirstFarms has in the accounting period realised: A turnover of 327 mDKK (2023: 345 mDKK)An EBITDA of 86 mDKK (2023: 79 mDKK)An EBIT of 41 mDKK (2023: 42 mDKK)A result before tax of 13 mDKK (2023: 28 mD Anders H. Nørgaard resigns as CEO at FirstFarms FirstFarms hereby announces that CEO Anders H. Nørgaard has resigned from his position with effect from 31 August 2025. Anders H. Nørgaard, together with the rest of the management team, Søren Bredvig and Michael Hyldgaard, will continue to serve as CEO of the company until a new CEO is in place. Anders H. Nørgaard has been CEO since 2012. Anders has made a great effort and has successfully performed a transformation of FirstFarms. FirstFarms is well positioned to continue the growth journey in Report on insiders trade with FirstFarms A/S' shares Pursuant to the Market Abuse Regulation art. 19 and according to power of attorney to report transactions on behalf of Thoraso Holding ApS, FirstFarms A/S shall hereby report transactions with FirstFarms A/S’ shares and associated securities by managerial staff and their related parties: Name:Thoraso Holding ApSReason:Closely related to chairman Henrik HougaardIssuer:FirstFarms A/SLEI code:2138007DFVFLUCCSX925Type:SharesISIN code:DK0060056166Transaction:PurchaseTrading date:17+18 September 2024M Half year financial report for 1 January - 30 June 2024 for FirstFarms A/S Low crop prices and limited rainfall affects the expectations for 2024 For first half year, FirstFarms maintains EBITDA and increases turnover by 8% after a good half-year in animal production. However, crop and pig production affect the overall expectation to earnings. FirstFarms therefore adjusts the announced expectations downwards by 20 mDKK for the year. The downward adjustment has no impact on FirstFarms’ long-term goals for growth. FirstFarms has a strong financial foundation and liquidit Senior executives and their closely related parties’ transactions with FirstFarms A/S’ shares due to utilisation of warrants The Group CEO, Group CFO and 7 employees have chosen to utilise warrants issued in 2020 and 2021, respectively, cf. company announcement nr. 3 of 30 March 2020, company announcement no. 26 of 2 October 2020 and company announcement no. 8 of 22 April 2021. Shares are acquired at price 56,40, as it appears from the warrant agreement from March 2020.Shares are acquired at price 55,85, as it appears from the warrant agreement from October 2020.Shares are acquired at price 67,83, as it appears from t Interim financial report for 1 January - 31 March 2024 for FirstFarms A/S Satisfactory start of 2024 FirstFarms has had a satisfactory start to the year. A number of significant events will have a positive impact on the Group going forward. FirstFarms has in the accounting period Q1-2024 realised: · A turnover of 104 mDKK (2023: 109 mDKK) · An EBITDA of 36 mDKK (2023: 33 mDKK) · An EBIT of 22 mDKK (2023: 22 mDKK) · A pre-tax result of 14 mDKK (2023: 20 mDKK) EBITDA has improved by 3.0 mDKK compared to the same period last year. The decrease in turnover is due to lower Progress of annual general meeting in FirstFarms A/S Today, FirstFarms A/S held its annual general meeting which resulted in the following: 1. The report on the company’s activities was taken into cognizance.2. The audited annual report 2023 was approved and discharge was given to the Board of Directors.3. Result of the year of 26.042 mDKK for FirstFarms A/S was carried forward to next year.4. The general meeting approved the remuneration for 2024 to the Board of Directors.5. The general meeting approved the remuneration report for 2023.6. Proposa Notice to convene the annual general meeting in FirstFarms A/S The Board of Directors hereby convenes to annual general meeting in FirstFarms A/S, CVR 28 31 25 04. The annual general meeting will be held on Tuesday 16 April 2024 at 2 p.m. in: SAGRO, Majsmarken 1, DK-7190 Billund The Annual General Meeting will also be broadcast live in Danish language via webcast through the company's shareholder portal. The transmission will only cover the rostrum. Agenda: 1. Report on the company’s activities 2. Presentation and adoption of the annual report with auditor’ FirstFarms A/S' Annual report 2023: The foundation for strong growth in place FirstFarms A/S achieves the second-best operating result (EBITDA) since the listing on the stock exchange in 2006. The foundation for strong growth and fulfilment of the 2028 strategy is in place with a satisfactory 2023 result and a capital injection at the beginning of 2024. FirstFarms has in 2023 realised: A turnover of 462 mDKK (2022: 418 mDKK)An EBITDA of 101 mDKK (2022: 147 mDKK)An EBIT of 50 mDKK (2022: 96 mDKK)A result after tax of 26 mDKK (2022: 65 mDKK) Equity has increased from 683 mD FirstFarms A/S allocates warrants The entire management at domestic and foreign level is allocated warrants and are thus, eventually, entitled to subscribe shares at a pre-agreed price. With the allocation of warrants, FirstFarms’ Board of Directors wishes to reward and motivate the company’s management. The Board of Directors has decided to utilise its authorisation in section 5.2.E in the company’s Articles of Association to issue 60,500 warrants, which each gives right to subscribe one share of 10 DKK in the company. Thus, th FirstFarms A/S: Major shareholder announcement - Constantinsborg A/S and Olav W. Hansen A/S Pursuant to section 30 of the Danish Capital Market Act, FirstFarms A/S hereby announces that FirstFarms A/S on 5 March 2024 has received a notification from Olav W. Hansen A/S according to which Olav W. Hansen A/S has sold 1,148,788 shares in FirstFarms A/S. As a result, Olav W. Hansen A/S does not hold any share capital and voting rights in FirstFarms A/S. Pursuant to section 30 of the Danish Capital Market Act, FirstFarms A/S hereby moreover announces that FirstFarms A/S on 6 March 2024 has r FirstFarms A/S: Major shareholder announcement - Constantinsborg A/S Pursuant to section 30 of the Danish Capital Market Act, FirstFarms A/S hereby announces that FirstFarms A/S has received a notification from Constantinsborg A/S according to which Constantinsborg A/S holds 10.77% of the share capital and voting rights in FirstFarms A/S. The major shareholder announcement has been received following the capital increase by way of a directed share issue to Constantinsborg A/S by FirstFarms A/S on 29 February 2024. Reference is made to Company announcement 01/2024 FirstFarms A/S secures large capital injection from the Heartland Group and positions itself for strong growth CEO Anders H. Nørgaard . Heartland Group invests 186 mDKK in FirstFarms. With the capital injection in the form of a directed share issue and issuance of convertible bonds (as further described below), FirstFarms is strongly positioned to execute on its ambitious “Strategy 2028”, with the purpose to increase turnover and earnings by 100 percent. This will be achieved through organic growth and acquisitions. It is accordingly agreed that the gross proceeds of 186 mDKK shall be used for FirstFarms Performance Overview Trailing total returns as of 1/24/2025, which may include dividends or other distributions. Benchmark is OMX Copenhagen 25 Index Return FFARMS.CO OMX Copenhagen 25 Index YTD -2.54% -0.51% 1-Year +2.67% -3.06% 3-Year +1.25% -0.71%