Tonkens Agrar

DB: GTK

€9.3m market cap

€5.6 last close

Tonkens Agrar is engaged in the cultivation of crops including cereals, potatoes, onions and oil seed rape; the storage, processing and marketing of vegetables; milk production; and the production of renewable energy from biogas plants and photovoltaic installations. It farms c 3,000 hectares of high-quality land in the Saxony-Anhalt region of Germany.

Investment summary

The prolonged drought during calendar 2018 had an adverse effect on crop yields, particularly potatoes and onions. This resulted in better produce prices, boosting H118/19 (to December 2018) revenue, but the associated reduction in inventories resulted in a €2.2m drop in total operating income and a similar fall in profit before tax. Consequently, management now expects FY18/19 (to June 2019) EBIT will be around break-even.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 2.0 (18.7) (15.2)
Relative* (0.1) (18.5) (24.9)
52-week high/low €7.4/€5.1
*% relative to local index
Key management
Gerrit Tonkens CEO
Steffen Gaede Commerce Director