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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».
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16:23 |
MEPs approve trade support measures for Ukraine with protection for EU farmers |
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18:08 |
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12:12 |
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23:48 |
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23:10 |
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11:30 |
Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed |
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15:59 |
Commission starts setting up the Agriculture and Food Chain Observatory |
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15:33 |
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13:17 |
Donau Soja urges EU for clarity on EUDR implementation |
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10:44 |
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10:04 |
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09:55 |
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10:04 |
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23:01 |
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10:15 |
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12:55 |
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09:18 |
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10:55 |
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08:44 |
EU makes major step forward in the delivery of 2024 humanitarian aid for Palestinians in Gaza* |
25.03.2024 |
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16:17 |
Commission approves ˆ86.9 million Bulgarian State aid scheme to support farmers in the context of Russia's war against Ukraine |
21.03.2024 |
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11:15 |
Commission takes action to boost biotechnology and biomanufacturing in the EU |
20.03.2024 |
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11:13 |
Deal to extend trade support for Ukraine with safeguards for EU farmers |
19.03.2024 |
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09:43 |
CAP - The Commission proposes simplifications that safeguard agricultural transitions! |
18.03.2024 |
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23:10 |
The European Union and Switzerland launch negotiations to deepen bilateral relations |
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10:05 |
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23:36 |
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23:19 |
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13.03.2024 |
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23:27 |
FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers |
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16:51 |
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12.03.2024 |
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20:25 |
Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework |
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20:24 |
INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs |
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08:10 |
Soybean meal is expected to be a more competitive feed ingredient on higher global supplies. |
11.03.2024 |
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09:11 |
U.S. Corn Exports Shift Destinations as Brazil Captures China Market |
08.03.2024 |
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15:20 |
Conflicts push acute food insecurity higher |
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13:21 |
FAO Food Price Index declines further in February |
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13:14 |
Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU |
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11:45 |
Commission approves ˆ61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine |
07.03.2024 |
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20:41 |
First go-ahead to renewing trade support for Ukraine and Moldova |
05.03.2024 |
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15:55 |
Commission proposes to prolong road transport agreements with Ukraine and Moldova and introduces updates to the agreement with Ukraine |
02.03.2024 |
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07:31 |
Heroes of deserts and highlands: Nourishing people and culture |
23.02.2024 |
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10:21 |
BASF’s financial strength supports proposed stable dividend of ˆ3.40 per share for the 2023 business year |
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10:17 |
The Council has chosen to ignore farmers' concerns regarding Ukraine ATMs; it is now imperative for the European Parliament to take action |
20.02.2024 |
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20:27 |
South Asia is anticipated to import nearly 14 million tons wheat in 2023/24 |
19.02.2024 |
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13:00 |
Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options |
17.02.2024 |
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17:47 |
Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries |
16.02.2024 |
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09:10 |
The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP |
13.02.2024 |
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17:31 |
European farmers exempted from rules on land lying fallow |
12.02.2024 |
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16:45 |
India Wheat Stocks Plummet to Lowest in 15 Years |
03.02.2024 |
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17:35 |
Mandarins. Global production for 2023/24 is forecast to rise to 38.0 million tons |
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09:59 |
Record cereal output in 2023 |
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