Agrogeneration sees net loss fall by 35%

The French group AgroGeneration with assets in Ukraine in 2018 received EUR8.52 million of net loss, which is 35.3% less than in 2017.

According to the report on the company’s website, its revenue decreased by 24.3%, to EUR41 million, gross profit by 29.7%, to EUR11.27 million. Operating profit for the year increased by 1.8 times, to EUR1.48 million.

EBITDA in 2018 rose by 11.8%, to EUR10.17 million. Net debt rose by 36.8% by the end of the year, to EUR62.16 million.

The share of export sales last year fell to 52% from 57% in 2017.

In 2018, AgroGeneration produced about 328,100 tonnes of grains and oilseeds from 105,200 hectares, which is 8.7% less than in 2017.

“The decline is due to the difficult weather conditions that affected early crops (especially wheat and barley). Despite this, the yield of AgroGeneration remains higher than the average figure in the Ukrainian agricultural sector,” the report says.

Open4business.com.ua