International agri-services group Origin Enterprises said it was seeing strong trading across all of its businesses, which has continued into its fiscal third quarter.
In a trading update today, Origin said the war in Ukraine and ongoing global energy and supply challenges have resulted in "exceptional" price volatility for both agricultural outputs and fertiliser raw materials.
But it said that continued strong on-farm sentiment and favourable weather conditions have supported it in successfully navigating the price volatility across all segments.
"As a result, the group now expects to deliver higher full year fully adjusted diluted earnings per share for FY 2022 in the range of 49 to 57 cent (excluding any impact of the on-going share buyback programme)," it added.
In March, the company said it was supporting the safety and wellbeing of its team and their families in Ukraine following the invasion of the country by Russia.
Origin said that after an initial temporary suspension of activities, its team in Ukraine has restarted limited localised operations in areas away from conflict and only when deemed safe to do so.
The company said that in the last two years the group has undertaken a significant de-risking of the balance sheet in Ukraine through a sustained focus on working capital reduction.
"Ukraine does not represent a material contribution to overall group profit," it added.
It said with its colleagues in Agrii Polska and Agrii Romania, it has established internal support teams in Poland and Romania to meet colleagues and their families as they cross the border.
