Miratorg to double annual revenue until 2024
27 August 2021
Miratorg, Russia’s largest beef and pork producer, plans to double its annual revenue to $3.3 billion until 2024. Accordingly, the company expects to raise annual EBITDA 150% to $1.3 billion, and EBITDA margin 12 percentage points to 39% within the same period. Also, Miratorg wants to double annual pork production to reach the volume of 1 million tonnes, increase its herd of Aberdeen Angus cattle 32% to 1 million heads, and develop own lamb production.
In the nearest future, the company plans to increase the share of exports in revenue generation to 25%. In 2020, Miratorg exported 105,000 tonnes of meat ($271 million in monetary terms).