Avangard expects net profit increase of 7.3% in 2013
2013-05-31 15:28:12
According to official statement made by Avangard CEO Irina Marchenko, company is expecting net profit increase of 7.3% to USD 245 M compared to 2012 period. Company’s sales revenue are expected to grow by 9.6% to USD 690 M compared to previous year with EBITDA margin reaching 43-44% at approximately USD 300 M. Company is not expecting to make any capital investments, with USD 22 M to be used for working capital and USD 39 M to be used in 2014.
AgroInvest comment: Company bases its forecast on increasing egg prices and potentially lower expenditures for the company.
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