Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

ASTARTAs consolidated revenues amounted to EUR172m in the 1H20 with exports share of 53%

13.08.2020 10:56 "Agro Perspectiva" (Kyiv) ASTARTAs consolidated revenues amounted to EUR172m in the 1H20 with exports share of 53%. The Agricultural segments 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.

attle 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.

omments 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 worlds 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».

Agro Perspectiva

< Cargill works to positively impact communities where employees live and work All news for
13.08.2020
China Peanut Imports Reach Record High in 2019/20 >

18.09.2023  
13:55 Ukraine will sue Poland, Hungary and Slovakia over agricultural bans
15.09.2023  
21:02 Following the expiry of the restrictive measures on Ukrainian exports of grain and other foodstuff to the EU, Ukraine agrees to introduce measures to avoid a renewed surge in EU imports
13.09.2023  
17:54 Biodel AG Secures Series A Investment from Pangaea Ventures to Advance Novel Regenerative Agriculture Technologies
07:25 Rice Export Prices Highest in 15 Years as India Restricts Trade
11.09.2023  
17:54 Export Bans, Black Sea Tensions, Affecting Food Markets - WTO Agriculture and Commodities Division
09.09.2023  
18:36 Global cereal production forecast to match past record - FAO
14.08.2023  
13:22 EBRD provides EUR60 million guarantee to support lending by Ukraines PrivatBank
13:18 Supporting small business in the west of Ukraine via Bank Lviv
12.08.2023  
18:35 Russia Withdraws from Black Sea Grain Initiative
04.08.2023  
19:32 Falling international maize and sugar prices partly offset notable jumps in wheat and vegetable oil quotations
28.07.2023  
19:25 Cargill and partners announce first Gold Standard-approved methane emissions reduction methodology for beef producers
19:21 FAO welcomes European Union contribution of 25 million to advance wildlife conservation and food security
18:55 BASFs earnings in tough market environment significantly below strong prior-year quarter
24.07.2023  
00:45 Brazil continues to make export gains and set new records for beef, pork, and chicken meat
23.07.2023  
22:25 122 million more people pushed into hunger since 2019 due to multiple crises, reveals UN report
22.07.2023  
08:17 U.S. dairy exports to Southeast Asia have been weak to start 2023
13.07.2023  
07:00 Russia Exports Record Wheat Volumes; Ukraine Exports Plummet
08.07.2023  
09:00 FAO Food Price Index continued declining in June
06.07.2023  
20:10 Global agricultural and food production are projected to continue to increase over the next ten years
04.07.2023  
19:54 EBRD supports Ukrainian city of Dnipro with EUR25 million loan
09:03 Nibulon invests EUR 27 mln in construction of granary, flour mill in Izmail
23.06.2023  
08:57 World coffee production for 2023/24 is forecast 4.3 million bags higher than the previous year to 174.3 million
08:55 Mexicos Production Recovering from Coffee Leaf Rust
22.06.2023  
04:05 EBRD and Ukraine government to mobilise 600 million for Ukraine energy security
21.06.2023  
20:26 EBRD and Ukraine government to mobilise EUR600 million for Ukraine energy security
11.06.2023  
15:55 Argentina ramps up soybean imports from Paraguay and Brazil
10.06.2023  
04:35 World Oceans Day must be Humans Day: FAO Fisheries chief
09.06.2023  
11:24 EU extends trade benefits for Ukraine
05.06.2023  
11:25 2023/24 Grain Production Exceeds Consumption
02.06.2023  
11:45 Rebound seen for global cereal output, with worldwide stocks set to hit record levels
11:35 Significant drops in international quotations for wheat, maize, vegetable oils and cheese, while prices of rice, sugar and meat rise
01.06.2023  
11:56 Conflict Drives Acute Hunger in the Democratic Republic of Congo - UN agencies warn
31.05.2023  
12:29 Three New Foods and Their Applicable Food Safety Standards
30.05.2023  
11:55 Haiti: Nearly half of the population is facing acute hunger
11:34 Increasing risk of hunger set to spread in hotspot areas as the Sudan crisis spills over into subregion and el Niño looms - warns new UN report
28.05.2023  
12:51 Black Sea Grain Initiative not fully resumed UN
25.05.2023  
15:52 Ukrainian FM urges African Union to demand that Russia stop obstructing work of grain corridor
20.05.2023  
11:49 Grain initiative talks continue considering proposal of UN Secretary General Dpty Minister of Restoration
05.05.2023  
14:45 The FAO Food Price Index rebounded slightly in April
28.04.2023  
09:15 Yara . 1Q results impacted by falling prices, but tighter nitrogen market into 2Q
21.04.2023  
22:10 Ukraine sees no reason to ban Ukrainian grain imports by EU countries - Solsky
18.04.2023  
21:45 $5 million from FAO-China South-South Cooperation Programme will assist in building more resilient agrifood systems
21:05 China Becomes Worlds Largest Wheat Importer in 2022/23
14.04.2023  
09:52 EBRD and Spain join forces to support Ukraines food security and municipal sector
05.04.2023  
13:10 Astarta starts 2023 planting season
31.03.2023  
00:27 War in Ukraine continues to impact EU farmers
28.03.2023  
22:17 Ukraine sends 150,000 tonnes of wheat to Asia
12:00 Global onion prices are at record-high levels due to a global shortage of onions
12.03.2023  
06:17 It will enrich Egypt if a kilo of onions costs HUF 1,000
10.03.2023  
11:03 Plummeting Argentina Soybean Production Impacts Global Soybean and Products Trade

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2023 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com