BioMar Witnesses Improved Sales Volume, Revenue and Earnings in Q2
BioMar reported year-on-year volume sales growth of 9% and an increase in revenue by 42% amidst various challenges.
The company said it faces higher raw material prices, energy costs and the impact of suspending trade with Russia.
Despite the issues, BioMar’s improved earnings led the company to raise its full-year guidance. The guidance was raised by DKK 55 million ($7.5 million) to EBITDA in the DKK 910-960 million ($125-131 million) range after recognition of provisions for losses on assets related to Russia...
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