Sanford Releases Annual Result for Year To 30 September 2014

Media release

- SANFORD RELEASES ANNUAL RESULT FOR YEAR ENDED 30 SEPTEMBER 2014

- SANFORD RELEASES FIRST INTEGRATED ANNUAL AND SUSTAINABLE DEVELOPMENT REPORT

19 November 2014 – Auckland: Sanford Limited (NZX: SAN) is pleased to present its Annual Result for the year ended 30 September 2014.

FINANCIAL HIGHLIGHTS:

- Prudent foreign exchange management coupled with successful deepwater fishing and aquaculture performances assisted with the net profit result; profit for the year totalled $22.4m, 10.2% up from $20.4m last year.

- EBITDA reduced by 5% from $49.3m to $46.7m.

- Revenue for the financial year was $452.4m, which is slightly behind the $462.6m reported last year with highly variable operational performance across the business.

A full copy of the Annual Result announcement is available here. Please quote Sanford CEO Volker Kuntzch.

ONE DIRECTION, ONE REPORT

Sanford has this year combined its Annual and Sustainable Development Reports. Reporting in such a manner reflects that Sanford’s ability to perform sustainably on a financial level is only made possible by the company’s performance in relation to its people, operational capacity, access to market, and critically, the sustainability of its raw materials, says Sanford Chairman Jeff Todd. “Seafood is our livelihood, and sustainable seafood is the only way we can secure our future,” he says.

A copy of Sanford’s 2014 Annual Report ‘How we see the sea’ is available here.

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