KSG Agro increased profit by 44% in 2021, EBITDA doubled

According to the results of 2021, the agricultural holding KSG Agro increased its gross income by 44% compared to 2020 - from 21.3 to 30.7 million dollars, and EBITDA - from 6.02 to 12.27 million dollars. the press service of the holding with reference to the company's annual report published on the Warsaw Stock Exchange (WSE).

According to the annual report of the agricultural holding, published on the WSE, according to the results of 2021, compared to 2020, the company's gross income increased by 44% - from 21.3 to 30.7 million dollars, and EBITDA doubled - from 6 . 02 to 12.27.

During this period, other financial indicators of KSG Agro also grew at a dynamic pace. Thus, operating profit increased 2.5 times - from 4.3 to 10.7 million dollars. And the profit of KSG Agro SA (Luxemburg), which includes all companies of the group, before tax amounted to 20.2 million dollars.

“The past year, thanks to our effective work and a number of circumstances, was successful for us. Thanks to the right selection of technologies and favorable weather conditions, our crop yields have become record-breaking over the past 10 years. In the pig breeding segment, we have received good intermediate results from our long-term project for updating the pig population with sows of Canadian GENESUS genetics,” comments Sergey Kasyanov, Chairman of the Board of Directors of KSG Agro.

According to Sergey Kasyanov, “KSG Agro plans to increase production in the current 2022, in particular, in the pig breeding segment.”

KSG Agro is one of the leading agricultural holdings in Ukraine, a European innovative group of companies operating on the principle of vertical integration. The holding's shares are listed on the Warsaw Stock Exchange. KSG Agro is a member of the European Business Association (EBA), as well as the Association "Pig Breeders of Ukraine". The main activity of the holding is the cultivation of land and the production of crops, as well as the pig business, for which Strong-Invest LLC is responsible. Since September 2014, KSG Agro has been implementing a development strategy, according to which the company is developing the most promising projects, primarily pig breeding, as well as crop production.