IMC to increase revenue 30%
16 July 2019
IMC, a Ukraine-based agroholding engaged in crop and dairy production, expects to receive $ 170.2 million revenue in 2019, which is 29.3% higher than in 2018 ($ 131.6 million). According to estimations, the company‘s revenue might decline to $ 160.5 million in 2020 and $ 167.9 million in 2021. EBITDA is expected to reach $ 56.7 million in 2019, a 16.7% increase compared to 2018 ($ 50.8 million). The forecast for years 2020 and 2021 is $ 51.7 million and $ 51 million, respectively.
Net profit is expected to fall 14% to $ 23.8 million in 2019, as compared to 2018. The company expects net profit of $ 20.7 million in 2020, and $ 21.2 million in 2021. IMC plans to allocate € 12.5 million dividends this year, compared to € 11.3 million in 2018.
IMC operates 123,900 hectares of land located in the Poltava, Chernihiv and Sumy regions of Ukraine.