According to the official information released by the company, strong performance in all business segments provided for growth of the consolidated revenues by 23% to EUR 143 million. Volumes of crop sales increased by 75%, sugar by 42% and milk by 33%. The breakdown of revenues reflects the intersegment synergy and well-balanced nature of the business: share of revenues from sugar sales constituted 52%, grains and oilseeds - 32%, cattle farming - 11%. High quality of produce and successful marketing policy provided for significant increase in exports, which was 31% in total revenues.

AgroInvest comment: company’s strategy of focus on increasing production efficiency, energy savings, and business diversification has been particularly successful over the period. Despite weak pricing in sugar segment, the Group increased revenues and EBITDA, as well as secured record high level of export sales.

For more detail please refer to the UAIndex Daily (August 23 issue).

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