Curmi & Partners

Simonds Farsons Cisk plc - Interim Results

Simonds Farsons Cisk plc (“SCF” or “the Group”) is an established local company, primarily engaged in the fast-moving consumer food and beverage business. The performance of SFC has been robust over the years, achieving year on year revenue growth and improved profitability. This momentum continued in the first six months of FY17/18 as both revenue and profitability improved across all business segments over the same period last year. Performance for the first six months of FY17/18 indicates that the Group’s operations are moving in line with full year projections when comparing them to last twelve month (“LTM”) figures. In 2018, revenue is projected to increase to €91.1 million and LTM revenue is €91.5 million whilst LTM operating profit is 12.6% higher than 2018 projections. An 8.5% decrease in operating profit was projected for 2018 as a result of increased cost of sales and administrative expenses. Management have highlighted that the market in which it operates has become increasingly competitive due to the complexity of the market and the limited growth potential of the locally.