International agri-services group Origin Enterprises has reported revenues of €1.92 billion so far this year.
That's up 9.3% on the same period of last year, despite a 15.9% fall in revenues in its third quarter.
"Performance in the third quarter was impacted by more cautious on farm sentiment and poor northern hemisphere in-field conditions delaying key crop input applications, however weather conditions and demand have subsequently improved into the fourth quarter," the company said in a trading update.
The company added that its markets continue to exhibit "significant price and volume volatility", which it said requires close management.
It said underlying volumes decreased 11.7% year-to-date, excluding crop marketing volumes, driven by reductions in Ireland and the UK, and Continental Europe of 13.2% and 14.2% respectively, partially offset by a strong 37.5% increase in Latin America.
Ireland and the UK reported a revenue increase of 5.1% to €1.24 billion year-to-date, while the third quarter saw a 21.2% reduction in reported revenue to €489.6 million.
On a year-to-date basis, underlying volumes reduced by 13.2%.
