Interim information on AUGA group, AB for the 12-month period ended 31 December 2019 - Seite 2

Sales

Crop growing segment sales revenue for twelve months period of 2019 amounted to EUR 29.49 million compared to EUR 17.48 million for the same period in 2018 (with a 69% increase).

Harvest

Despite the unfavorable weather conditions, the Group evaluated EUR 3.83 million gain on recognition at fair value of agricultural produce at point of harvest, comparing to EUR 3.49 million loss in 2018 in 2019. At 31 December, 2019, the Group evaluated the situation with the winter crops and recognized EUR 1.45 m gain at fair value of biological assets.

Gross result

Gross profit from crop growing segment, encompassing the results of agricultural produce sales , gain (loss) on changes in fair value of biological assets and agricultural subsidies, amounted to EUR 11.32 million per 12 months period of 2019 compared to EUR 4.29 million the year before.

Preparation for 2020

Weather conditions in the autumn of 2019 were favorable for seasonal sowing and other preparatory land works for the cycle of 2019/2020. As a result, the seeding of winter crops and land preparation works were completed on time. The warm winter season has resulted in a good condition of winter crops. Favorable weather in 2019 autumn also allowed for proper land preparation for summer crops in the run-up to the spring 2020. As a result, the Group is well prepared for the season of 2019/2020 and has a positive outlook on the next year harvest potential.

Mushroom growing segment

The revenue from the mushroom growing segment was EUR 26.32 million for twelve months period of 2019, around EUR 2.44 million or 10% higher compared to the same period in 2018 when the revenue was EUR 23.88 million.

The increase in the mushroom sales revenue of 2019 relates to greater average sales prices. Serving fresh market became possible due to decreased amounts of processed goods in the category.  Since prices of fresh mushrooms are higher than those sold to processors, increased volume share of fresh mushrooms also had positive impact on average prices.

Gross profit of mushroom growing segment per twelve months period of 2019 increased by EUR 0.77 million and equaled to EUR 2.49 million. During the same period in 2018, the Group generated EUR 1.73 million of gross profit in mushroom growing segment.

Dairy segment

Sales revenue from the Dairy segment amounted to EUR 10.14 million per twelve months of 2019 and was around 13% higher compared to the same period a year before when it was EUR 8.95 million. This change was driven by an 8% increase in milk sales (due to increased production efficiency) and a 7% increase in the average milk sales price ( an increase driven by  the proportion of milk sold with organic premium). Quantity of milk sold per twelve months period of 2019 amounted to 24.49 thousand tons compared to 22.63 thousand tons during the same period in 2018. The average milk price in 2019 was 385 Euros per ton compared to 359 Euros per ton in 2018. The share of milk sold with organic price premium in 2019 was about 74%, while in 2018 it was 46%.