DGAP-News

Ekosem-Agrar AG: Successful business trend in the first half of 2020 - Seite 3

Against this background, the Management Board expects the dairy cow herd to increase to approximately 105,000 animals by the end of 2020. The volume of raw milk produced is expected to rise to between 900,000 tons and 940,000 tons, and the volume of raw milk processed into dairy products by the company itself is expected to amount to between 85,000 tons and 90,000 tons. Based on these operating figures, which are slightly below the original plan, the Management Board expects sales revenues in the amount of EUR 480 million to EUR 500 million, EBITDA of EUR 165 million to EUR 185 million and EBIT of EUR 85 million to EUR 105 million for the fiscal year 2020.

In August 2020, the company moreover reached a first milestone in the export of own dairy products with the start of sales of EkoNiva UHT milk in China. 22.5 tons of ultra-pasteurized milk were sold in three cities in the Heilongjiang province, which borders on Russia.

In addition, the Management Board has initiated the process for the development of a sustainability strategy. As Europe's largest raw milk producer, Ekosem-Agrar feels a responsibility to make an active contribution to developing standards for sustainable action in its core industry. The aim of the project is to define specific sustainability goals and measures, the implementation and progress of which is to be regularly and transparently reported going forward. The ultimate aim is also to consolidate the unmistakable brand image of the company's corporate and product brand EkoNiva as well as to further expand its good competitive position and address new investor groups with a focus on sustainable investments.

The interim report for 2020 is available on the company's website at https://www.ekosem-agrar.de/en/investor-relations/.

 

About Ekosem-Agrar

Ekosem-Agrar AG, Walldorf, is the German holding company of the EkoNiva Group, one of the largest Russian agricultural companies. A herd of approximately 189,000 cattle in milk production (thereof about 102,430 dairy cows) and a daily output of approximately 2,570 tons of raw milk make the company the largest milk producer in the country. The Group controls an agricultural land area of more than 630,000 hectares and is also one of the leading Russian seed producers. The founder and CEO of the company is Stefan Duerr, who has been active in the Russian agricultural sector since the end of the 1980s and has been instrumental in modernizing the industry in the past three decades. In 2009, he was awarded the Order of Merit of the Federal Republic of Germany in recognition of his contributions to the German-Russian Dialogue on Agriculture. The Group employs more than 14,000 people and has a presence in nine regions in Russia. Ekosem-Agrar generated a total output of EUR 565 million and adjusted EBITDA of EUR 167 million in 2019. Further information is available at: www.ekosem-agrar.de