Tonkens Agrar

DB: GTK

€6.9m market cap

€4.16 last close

Tonkens Agrar is engaged in cultivating crops such as cereals, potatoes, onions and oil seed rape; storing, processing and marketing vegetables; milk production; and producing renewable energy from biogas plants that run on waste produced by the group and from photo-voltaic installations. It farms c 3,500 hectares of high-quality land in the Saxony-Anhalt region of Germany.

Investment summary

Tonkens continued with its strategy of increasing volumes of higher-margin processed vegetables in FY18/19, supporting a 17% y-o-y increase in group revenue. However, as flagged by management in March, the prolonged drought in calendar year 2018 caused a scarcity of vegetables, cutting profit before tax by €0.6m to €0.2m. Management expects that continued drought in calendar year 2019 will result in a similar financial performance for FY19/20.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual (6.7) (10.3) (19.2)
Relative* (9.6) (19.1) (34.6)
52-week high/low €6.7/€4.0
*% relative to local index
Key management
Gerrit Tonkens CEO
Steffen Gaede Commerce Director