News archive
03 April 2018
Mriya invested $ 2.8 million in agricultural equipment
News -Since the beginning of 2018 Mriya has modernized its technical park with 22 new units of equipment worth $ 2.8 million. The company bought 6 trailed sprayers Amazone UX6200, seven tractors Massey Ferguson 8737 (300 hp), eight tractors CASE IH JX 110 (100 hp) and one tractor CASE IH Steiger 500 (500 hp).
03 April 2018
Agrocomplex named after Tkachev finished 2017 with a net loss
News -According to the company's published financial statements, the Russia-based Agrocomplex named after Tkachev announced a net loss of 2.1 billion rubles in 2017. In 2015, its net profit reached 6.65 billion rubles. In 2016, it decreased by 120 % to 2.94 billion rubles. IFC Markets analyst Dmitry Lukashov believes the reason for the net loss could be the increase of input costs, as well as of commercial and management costs. As a result, the profit from sales decreased by almost 25% or by 2.4 billion rubles compared to 2016. Among other possible negative effects, he also mentioned the decline of prices for wheat and other crops in 2017.
02 April 2018
MHP's products comply with international standards
News -The European Commission completed the audit of the MHP agroholding in March 2018. According to the conclusion of the EU experts, MHP adheres to the highest international standards of product quality such as FSSC 22000, ISO 22000 and BRC Food.
02 April 2018
IFC to provide a $ 30 million loan to Astarta
News -International Finance Corporation (IFC) will provide a long-term loan amounting to $ 30 million to Astarta-Kyiv. The loan will be used to introduce modern technologies at enterprises of the agroholding in order to improve the company’s resource efficiency. In addition, part of the money may be directed to the development of the livestock segment and grain trading.
30 March 2018
The sowing campaign will cost UkrLandFarming $ 100 million
News -UkrLandFarming has reduced its land area by 70,000 hectares since 2014. Now the company controls about 570,000 hectares. The CEO of the holding, Oleg Bakhmatyuk, estimated the costs of sowing at $ 100 million for 2018. $ 60 million have been already spent, additional $ 30 million have been attracted as a loan while $ 10 million are still missing.
28 March 2018
Positive dynamics of M&A transactions will continue in 2018
News -In 2017, there was a positive dynamics of M&A transactions in the agricultural sector of Russia. During the first six months they amounted to $ 1 billion. During the second half of the year, there were fewer M&A transactions, but nevertheless, by the end of the year, the volume of M&A in the agricultural sector reached $ 1.5-1.6 billion. This trend will continue in 2018.
27 March 2018
Resilient lost lease rights for 180 hectares
News -Resilient, a Ukraine-based 8.5 thousand hectares agroholding, lost the lease rights for 180 hectares of land in 4 different villages of the Kiev region. All the lease contracts were concluded for 7-10 years and were registered in the State Register of Property Rights since 2014. Landowners received their rent payments timely, but, all of a sudden, submitted a complaint to the Ministry of Justice and asked to declare the lease contracts for invalid.
23 March 2018
MHP announced the issue of Eurobonds for $ 550 million
News -MHP SE announced the issue of Eurobonds for a time period of 8 years at a rate of 6.95%. Their total value is $ 550 million. The issuer is Luxembourg MHP Lux S.A. Part of the raised funds will be used to refinance short-term debts, to pursue general corporate goals and to finance the expansion and diversification of chicken and grain business.
23 March 2018
Net profit of Rusagro decreased by 150% in 2017
News -Rusagro reported a decrease in net profit by 150% to 5.6 billion rubles in 2017. Revenue for the reporting period decreased by 6% to 79 billion rubles. EBITDA decreased by 23% to 14 billion rubles. 2017 can be called a crisis year for Rusagro as a result of falling prices, adverse weather conditions and low consumer demand.
22 March 2018
Astarta increased revenue by 24% in 2017
News -Astarta-Kyiv increased its consolidated revenue by 24% to € 459 million in 2017. Net profit decreased by 25% to € 62 million while EBITDA dropped 21% to € 120 million. The company's net debt decreased by 11% to € 130 million.