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

Improved farmgate milk prices and higher volume sales of processed vegetables enabled Tonkens to achieve its stated goal of reporting a net profit after tax for FY17/18, compared with a loss the previous year. However, persistently low potato prices prevented the group from meeting its expectations of year-on-year revenue growth. Management continued with its strategy of focusing on higher-margin, added-value business, with volumes of peeled and packaged produce rising by 23% year-on-year.

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