25 September 2019
NATIONAL MILK RECORDS PLC
(‘NMR’ or the ‘Company’)
Update on IT Systems
National Milk Records plc, the leading supplier of dairy and livestock information services, announces that it is experiencing an interruption to some of its IT services due to a virus attack suffered on Friday 13 September 2019. The Company is working hard to bring the affected services back online as soon as possible. In the meantime, NMR is continuing to process all payment testing and milk recording samples and no data has been lost. The interruption to NMR’s full-service offering is expected to have an impact on the Company’s financial performance in the year ending 30 June 2020, which the Directors currently estimate could result in a 10% reduction in EBITDA for that year.
The interruption has not affected the Company’s results for the year ended 30 June 2019 which are expected to be announced in mid-October 2019. Additionally, this short-term IT interruption is not expected to have any impact on the Company’s long-term growth.
For further information please contact:
National Milk Records plc
Andy Warne, Managing Director +44 7970 009 141
Mark Frankcom, Finance Director +44 7458 002 444
Peterhouse Capital Limited +44 20 7220 9796
Blytheweigh (Financial PR) +44 20 7138 3204
NMR is the leading supplier of essential management information to the UK dairy supply chain. Through a team of self-employed milk-recorders, it collects and tests milk samples for approximately 50% of the UK’s two million cows. In addition, its laboratories provide payment testing and disease testing services for Britain’s milk processors. NMR has a joint-venture laboratory in the Republic of Ireland providing similar services to farmers and processors across the whole of Ireland. Another division of the Group is a livestock traceability business, Nordic Star, which services the UK dairy and beef sectors.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.