By the end of 2020, KSG Agro increased its EBITDA by 211%. This news was reported by the agricultural holding’s press service with reference to the company’s annual report published on the Warsaw Stock Exchange.
According to the document, in 2020 the agricultural holding’s main financial indicators grew dynamically. In particular, EBITDA in comparison with 2019 increased by 211% – from 2.09 million dollars to 6.53 million dollars, gross profit by 159% – from 2.6 million dollars to 6.8 million dollars, and operating profit – almost by 12 times – from 412 thousand dollars to 4.9 million dollars.
According to Sergiy Kasyanov, Chairman of the Board of Directors at KSG Agro agricultural holding, the main factors behind the growth of financial indicators were the decrease in the debt burden and the vertical integration of the agricultural holding. “In the fourth quarter of 2020, the situation in the pork industry was difficult: with the fall in pork prices, the cost of feed increased significantly. Due to our own fodder base, we managed to prevent a significant increase in production costs and obtain a positive financial result by the end of 2020,” commented Sergiy Kasianov on the annual report.

“The state of the Company for investors and financial analysts is best characterized by EBITDA (profit before taxes and amortization). It grew by 3 times for the agricultural holding in 2020 and amounted to $ 6.5 million. And this is a positive signal for investors,” commented on KSG Agro’s financial results Oleksandr Golizdra, Deputy Chairman of the Commission for Analysis of Securities Markets of the Ukrainian Society of Financial Analysts (UOFA).
Please note that the annual report, confirmed by international auditors, will be released in May, 2021, due to delays in the work of auditors from the Luxembourg in the context of the coronavirus pandemic.