WINFARM

Q3 2023 revenue.

PRESS RELEASE
Loudéac, 09 November 2023

Q3 2023 revenue

Stable despite the sharp drop in sales prices in H1 2023

Revenue growth of +11.5% at 30 September 2023

WINFARM (ISIN: FR0014000P11 - ticker: ALWF), the number-one French distance seller of goods and solutions and provider of advisory and other services for the farming and breeding industry, today published its revenue for third-quarter 2023 and the first nine months of the year.

	Q3					9 months
in €m, unaudited	2022	2023	Chg.	Chg. organic		2022	2023	Chg.	Chg. organic1
Farming Supplies	29.8	31.3	+5.0%	+1.5%		85.0	96.9	+14.0%	+1.0%
Farming Production	3.5	2.9	-17.6%	-17.6%		9.0	7.6	-15.8%	-15.8%
Other	5.6	7.6	+35.7%	+35.7%		1.4	1.8	+28.6%	+28.6%
TOTAL	33.9	35.0	+3.0%	stable		95.4	106.3	11.5%	-0.1%

Sales prices return to normal

After falling sharply since the beginning of the year, particularly in the nutrition and hygiene markets, sales prices returned to normal in Q3 2023, enabling WINFARM to post consolidated revenue of €35.0m, up 3% compared with Q3 2022 and stable at constant scope.

Consolidated revenue year-to-date at 30 September 2023 came out at €106.3m, up 11.5% compared with revenue at 30 September 2022. At constant scope, sales were stable, reflecting the new market share gained by the Group, despite an unfavourable price effect of around 20%.

The Farming Supplies business (91% of revenue at 30 September 2023), whose products are marketed under the Vital Concept brand, posted revenue of €96.9m at 30 September 2023, up 14.0% (+1.0% like-for-like). The business benefited from a €11.1m contribution from Kabelis Group companies, the business activity of which has been consolidated in the Group’s scope since August 2022. BTN de Haas, acquired in the Netherlands in July 2021, continues to post excellent performances, demonstrating the successful the integration of the company into WINFARM.