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ASTARTA’s consolidated revenues amounted to EUR172m in the 1H20 with exports’ share of 53%
13.08.2020 10:56 "Agro Perspectiva" (Kyiv) —
ASTARTA’s consolidated revenues amounted to EUR172m in the 1H20 with exports’ share of 53%. The Agricultural segment’s revenues were EUR54m in 1H20 compared to EUR103m in 1H19 as majority of the grain and oilseeds’ 2019 harvest were sold by the end of 2019. A 3% y-o-y revenue growth to EUR57m helped the Sugar segment becoming the main contributor to consolidated revenues in 1H20. The Soybean Processing and the Cattle Farming segments generated EUR40m and EUR18m of revenues, correspondingly. EBITDA stood firm at EUR67m, almost at the same level as in 1H19. The Company paid down a further EUR20m of bank debt on a Cash Flow Basis leading to the Net Debt reduction to EUR239m as of 30 June 2020. Agriculture The Agriculture segment revenues amounted to EUR54m in 1H20 as majority of the grain and oilseeds’ 2019 harvest were sold by the end of 2019. Exports accounted for 96% of the Agricultural segment revenues in 1H20 versus 91% in 1H19. EBITDA totalled EUR53m in 1H20. As of August 12, the Company harvested early grains such as winter wheat and rapeseeds in the amount of 230kt and 4kt with an average yield of 4.8 t/ha (versus 5.1t/ha in 2019) and 2.6 t/ha, correspondingly. Sugar Sugar revenues amounted to EUR57m (up by 3% y-o-y) on improvement of realized prices to EUR354 per t compared to EUR329 per t a year ago. This lead to the EBITDA increasing to EUR8.1m in 1H20 from EUR4.0m in 1H19. Soybean processing The Soybean processing-related revenues totalled EUR40m, down by 12% y-o-y on lower sales volumes. Exports contributed 86% of revenues. The EBITDA margin declined from 11% in 1H19 to 9% in 1H20 on higher cost of sales due to regulatory changes in the industry. Ñattle Farming Slightly higher revenues of the Cattle Farming segment (EUR18m in 1H20 versus EUR17m in 1H19) were driven by higher milk prices offsetting lower sale volumes. EBITDA margin improved to 22% in 1H20 from 21% in 1H19. Ñomments of Valery Sokolenko, Executive Director of ASTARTA: «ASTARTA continues to demonstrate its resilient business model by delivering much needed hard currency revenues and taxes to Ukraine, cereals and feedstock products to global markets and reduced leverage profile to its shareholders amid very difficult macroeconomic backdrop created by the pandemic which disrupted not only the world’s largest economies but our every day-to-day life. We are fully prepared to face the challenges of the present times and continue servicing our customers in Ukraine and globally with sustainable and affordable food produce».
22.11.2024 |
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South Africa Sugar Production and Exports Estimated Down |
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23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
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22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
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16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
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09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
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09:19 |
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01.11.2024 |
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20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
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20:29 |
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22:50 |
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21:04 |
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10:57 |
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23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
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11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
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09:35 |
Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025 |
11.10.2024 |
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23:33 |
China Cottonseed Imports Show Strong Demand in Recent Years |
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20:30 |
India Removes Rice Export Ban, Spurring Additional Trade |
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17:27 |
List of agricultural machinery with cost compensation expanded to 11,300 items |
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20:21 |
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17:13 |
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27.09.2024 |
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09:02 |
BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture |
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10:25 |
BASF sets new direction with corporate strategy and maintains high level of shareholder distributions |
21.09.2024 |
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18:30 |
Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS) |
17.09.2024 |
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09:52 |
Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America |
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08:44 |
FAO calls for G20 cooperation as hunger targets continue to elude |
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06:40 |
FAO sees open trade as a cornerstone of global food security |
13.09.2024 |
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07:08 |
U.S. Soybean Meal Hits 10‐Year High for Export Sales |
12.09.2024 |
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21:26 |
U.S. Corn Exports Buoyed by Large Supplies |
11.09.2024 |
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04:30 |
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06.09.2024 |
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11:35 |
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10:34 |
Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers |
05.09.2024 |
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09:23 |
PM: Plan to develop small generation facilities to reduce vulnerability to terrorism |
30.08.2024 |
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05:03 |
Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy |
19.08.2024 |
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12:00 |
OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES |
16.08.2024 |
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17:10 |
Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields |
12.08.2024 |
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20:04 |
Ukraine Soybean Exports Forecast at Record in 2024/25 |
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19:48 |
Domestic Demand and Trade Restrictions Reduce India Grain Exports |
11.08.2024 |
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09:15 |
USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine |
09.08.2024 |
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17:41 |
USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine |
07.08.2024 |
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08:19 |
Turkey’s Mandarin Production and Exports to Rebound |
26.07.2024 |
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09:28 |
Ongoing Economic Crisis in Argentina Impacts Dairy |
15.07.2024 |
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10:28 |
Decline of China Pork Imports Continues in 2024 |
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08:20 |
Lower Prices Propel Mexico 2023/24 Soybean Meal Imports |
13.07.2024 |
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10:15 |
China Imports of Major Feed Grains at Record for Oct-May period |
12.07.2024 |
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01:08 |
Climate risks projected to affect fish biomass around the world's ocean, FAO report says |
06.07.2024 |
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10:15 |
Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level |
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10:01 |
FAO Food Price Index stable in June |
03.07.2024 |
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12:31 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
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12:23 |
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year |
01.07.2024 |
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08:58 |
World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million |
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08:39 |
World coffee production for 2024/25 is forecast to rebound 7.1 million bags |
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