Download Key financial results Performance in Key Segments Sugar

Press-release
ASTARTA published interim report for the nine months ended September 30, 2015
Key financial results
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Consolidated revenue exceeded EUR 200 million
EBITDA was EUR 108 million
Net profit stood at EUR 27 million
Export contributed 32% to the Group’s revenues
Net debt decreased to EUR 203 million
Performance in Key Segments
Sugar production
Sugar segment’s revenues were EUR 104 million, contributing 52% to the consolidated
revenues. Volumes of sugar sales were 13% higher y-o-y and amounted 266 thousand tonnes.
Soybean Processing
Segment's sales were EUR 39 million (20% of consolidated revenues). During the reporting
period over 156 thousand tonnes of soybeans were processed, 115 thousand tonnes of meal,
27 thousand tonnes of oil and 8 thousand tonnes of husks were produced. This put ASTARTA in
the lead position for soybean crushing in the 2014/2015 MY in Ukraine.
Agricultural Operations
Agricultural segment generated EUR 36 million (18% of the Group’s revenues). The volumes of
sales amounted to 250 thousand tonnes. In 2015 the total harvest of grain and oilseeds
increased by 16% y-o-y to 790 thousand tonnes.
Dairy Farming
The dairy segment generated EUR 18 million (9% of total revenues). Despite low prices for milk,
the Company keeps the segment profitable due to growing operational efficiency.
Comments of CEO Viktor Ivanchyk
“We continue to pursue further improvements in the operating efficiency of our farming, sugar,
and dairy businesses. The management team believes that our knowledge-based approach to
production, as well as our focus on both technology and personnel could provide more cost
savings over the following years. At the same time, as many foresee Ukraine’s economy
bottoming out next year, the Company is well prepared for further growth through seizing
opportunities to develop its assets in key areas of the business”.
A report for nine months of 2015 is available at the Company's website: www.astartaholding.com