In 2021, KSG Agro increased profits by 44%, EBITDA – 2 times

According to the results of 2021, compared to 2020, KSG Agro has improved gross income by 44% – from $ 21.3 to $ 30.7 million, and EBITDA – from $ 6.02 to $ 12.27 million, as was reported by the press service of the holding with reference to the annual report of the company, published on the Warsaw Stock Exchange (WSE).
According to the annual report of the agricultural holding published on the WSE, in 2021 compared to 2020, the company’s gross income increased by 44% – from 21.3 to 30.7 million dollars, and EBITDA twice – from 6.02 to 12.27 MUSD.
During this period, KSG Agro’s other financial indicators 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 S.A. (Luxembourg), which includes all companies in the group, before tax amounted to $20.2 million.
“Last year, thanks to our effective work and a number of circumstances, was a success for us. Thanks to the right selection of technologies and favorable weather conditions, our crop yields have become a record for the last 10 years. In the pig segment, we have received good intermediate results from our long-term project to renew the pig population by Genesus Canadian sows,” said Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro.
According to Sergiy Kasianov, “KSG Agro plans to increase production in 2022, particularly in the pig segment.”