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Ekosem-Agrar increases equity capital by EUR 38 million

DGAP-News: Ekosem-Agrar GmbH / Key word(s): Capital Increase
Ekosem-Agrar increases equity capital by EUR 38 million

31.07.2015 / 10:15

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Ekosem-Agrar increases equity capital by EUR 38 million

Walldorf, 31 July 2015 - Ekosem-Agrar GmbH, the German holding company of
Russian milk producer Ekoniva Group, has increased its share capital by
approx. 13% and generated gross proceeds of EUR 38 million. The capital
increase strengthens the company's equity base (EUR 35.3 million as of 31
December 2014) and will allow it to continue its expansion with the aim of
consolidating its leading position in the Russian raw milk market through
investments in new dairy cow facilities. The new shares were acquired by
private investors related to the company. Stefan Duerr will remain the
Group's majority shareholder.

Ekosem-Agrar clearly improved its profitability at all levels in the
financial year 2014 and generated consolidated net income of EUR 17.4
million. In spite of the strong profit leap, the weakness of the rouble
against the euro is reflected in total assets and equity capital. Due to
these effects, the equity ratio declined to approx. 10% as of the end of
2014. The capital increase will greatly improve the equity ratio of
Ekosem-Agrar GmbH.

The next financial figures will be published after completion of the
interim report on the period ended 30 June 2015 in September 2015.


About Ekosem-Agrar

Ekosem-Agrar GmbH Walldorf, Germany is the German holding company in the
Ekoniva Group, one of the largest Russian agricultural companies. With over
55,000 head of cattle (thereof 24,000 dairy cows) and an average milk
production of more than 520 tons per day, the company is the largest milk
producer in the country. The group has more than 196,000 hectares of
farmland and is also one of the leading producers of seed in Russia. The
founder and managing director of the company is Stefan Duerr. He has been
active in Russian agriculture since the 1980s and has played a decisive
role in its modernization over the past two decades. In 2009, he was
awarded the German Federal Cross of Merit for his contributions to the
agricultural policy dialog between Germany and Russia. The corporate group
has about 3,350 employees at six locations in Russia and achieved a total
output of EUR 156.5 million and an EBIT of EUR 44.5 million in fiscal year
2014. For further information visit: www.ekosem-agrar.de


Contact

Irina Schwachhofer // Ekosem-Agrar GmbH // Johann-Jakob-Astor-Str. 49 //
69190 Walldorf // T: [phone] // E:
[e-mail] // www.ekosem-agrar.de

Media / Investor Relations

Fabian Kirchmann // IR.on AG // T: [phone] // E:
[e-mail]



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31.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Ekosem-Agrar GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ekosem-agrar.de
ISIN: DE000A1MLSJ1, DE000A1R0RZ5
WKN: A1MLSJ, A1R0RZ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart (bondm); Open Market in
Frankfurt


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