EkoNiva to raise revenues in 2021
27 April 2021
EkoNiva, Russia’s largest producer of raw milk and a subsidiary of German Ekosem-Agrar, reports gross revenue of € 111 million in Q1 2021, which is similar to that of Q1 2020 considering currency fluctuations. The company plans to reach gross revenue of about € 750 million in 2021, as compared to revenue of € 464 million by results of 2020. Annual EBITDA is expected to comprise € 275 million by the end of 2021. Currently, EkoNiva operates 41 dairy farms and 630,000 hectares of farmland.