KSG Agro increased pig sales by 3% in Q1 of 2022

In the first quarter of 2022, KSG Agro increased the sales of pigs by3 % compared to the same period in 2021, the press service of the agricultural holding reported.
In the 1st quarter of 2022, KSG Agro increased the sales of pigs by 3% compared to the same period in 2021. In the 1st quarter of 2021 the sales of pigs amounted to 2 million 500 thousand dollars, in the 1st quarter of 2022 to already 2 million 580 thousand dollars.

One of the factors that leads to an increase in sales, both now and in the future, is the increase in the number of pigs. KSG Agro in the same Q1 2022 compared to the same period in 2021 increased the number of pigs by 17.6%, from 46.4 thousand to 54.5 thousand heads. At the same time, the number of offspring for the same period increased by 28.1%, from 25.2 to 32.3 thousand heads.

“It is very important for us, especially from the point of view of food security, to increase sales of products,” comments Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro, “As a result, despite the conditions of martial law, we are able to help the Armed Forces of Ukraine and the territorial defense forces by providing them with pork and other products.”

17.06.2022

Spring sowing campaign completed

KSG Agro completed the sowing campaign of sunflower on an area of 8.5 thousand
The Board of KSG Agro S.A. headquartered in Luxembourg (“the Issuer”) hereby informs that on June 1, 2022, the Issuer completed the sowing campaign of sunflower on an area of 8.5 thousand hectares and corn on an area of 1 thousand hectares. The sowing campaign has been completed in full on all 100% of the sown areas planned for sowing at the end of last year.

70% of seedlings are in very good condition. Currently, KSG Agro S.A. carries out inter-row cultivation, harrowing with rotary harrows, and chemical protection.

14.06.2022

The RA “Expert-Rating”’s credit rating of KSG Agro has been updated at the level of uaА +

On May 23, 2021, RA “Expert-Rating”’s rating committee decided to update the long-term credit rating of KSG Agro: on the national scale at the level of uaA + and on the international scale of the agency at the level – BBB. This was reported by the press service of the agricultural holding with reference to RA “Expert-Rating”.
According to the agency, KSA Agro with a rating of uaA is characterized by high creditworthiness compared to other Ukrainian borrowers or debt instruments. The level of creditworthiness is sensitive to the impact of adverse commercial, financial and economic conditions. The agency updated its credit rating after analyzing the data of the consolidated financial statements of KSG Agro for 2021. http://expert-rating.com/rus/rating-list_individualnye_reitingi_promyshlennye_kompanii_ksg_agro_s.a._onovleno_reiting_ksg_agro_s.a.(2)/
Commenting on the update of KSG Agro’s rating at a traditionally high level, RA Expert-Rating experts noted: “During 2021, KSG Agro’s equity grew 4.34 times and amounted to $ 23.33 million as of the beginning of 2022. The main factor in the growth of this indicator was the company’s profitable activities. During 2021, KSG Agro’s liabilities decreased by 16.44% to $ 48.11 million. The corresponding movement of indicators led to an increase in the ratio between equity and liabilities of KSG Agro by 39.15 percentage points in the analyzed period, to up to 48.50%. The Agency has positively assessed a significant increase in the level of KSG Agro’s equity.”
It is equally important that in the structure of long-term liabilities of KSG Agro as of 31.12.2021 the predominant share was occupied by long-term loans, the volume of which in the analyzed period increased by 1.73% to $ 24.94 million, short-term loans for the period from 31.12.2020 to 31.12.2021 decreased by 8.03% and amounted to $ 2.65 million.
Experts noted that sales of the company’s products in the analyzed period continued to grow. “Revenue from sales in 2021 amounted to $ 30.75 million, which is 44.09% higher than in 2020. In turn, the net profit of KSG Agro in 2021 increased compared to 2020 by $ 19 million (almost 16 times) to $ 20.27 million. Among the factors of growth of the Company’s profit in the analyzed period is a significant increase in sales. The major improvement in the KSG Agro’s financial results had a positive effect on the company’s profitability indicators, which in 2021 became very high.
An analysis of the consolidated financial statements of KSG Agro showed that EBITDA in 2021 compared to 2020 has more than doubled to $ 12.28 million, and the ratio between EBITDA in 2021 and the volume of loans as of 31.12.2021 increased to 45.55%. The corresponding value of this indicator indicates a high level of solvency of the company.
Analyzing KSG Agro’s consolidated financial statements for 2021, the agency notes a significant increase in the level of equity coverage of liabilities, increased financial results, high performance of the company, as well as a good ratio between EBITDA and loans.

01.06.2022

In the first quarter of 2022, KSG Agro increased net profit by 2.5 times, EBITDA – by 10%

In the first quarter of 2022, KSG Agro Holding increased its net profit by 2.5 times to $1.82 million and EBITDA by 10% to $1.52 million. This was reported by the company’s press service with reference to the annual report of the holding published on the Warsaw Stock Exchange.
In the first quarter of 2022, KSG Agro Holding increased its net profit by 2.5 times compared to the first quarter of 2021: from $0.75 million to $1.82 million, EBITDA increased by 10%: from $1.39 million up to $1.52 million.
KSG Agro also increased its gross profit by 12% from $1.26 million to $1.41 million, operating – by 10% – from $1.01 million up to $1.12 million.
The dynamic increase in the KSG Agro’s financial performance is due to the increase in the efficiency of the agricultural holding in the pig segment. Among the most important factors there are the renewal and increase of sows of Canadian genetics Genesus by 200 heads, as well as improving the quality of feed, which led to an increase in the number of offspring by almost 30%.
“During the war we need to work better, produce more to actively help our army and medicine with the products, supply meat to retail chains, – comments the chairman of the Board of Directors at KSG Agro Sergiy Kasianov, – What we do, because we are talking about food security. Further increasing production is a cornerstone of our wartime strategy.”
According to the Report, KSG Agro continues to implement a development strategy during the war, focusing on the cultivation of three winter and two spring crops and pig farming. The products of the agrarian group are basic foodstuffs and are always in demand, with a particularly high demand for them in wartime.
It will be recalled that in the first quarter of 2022, KSG Agro increased the number of pigs by 17.6% compared to the same period in 2021: from 46.4 thousand to 54.5 thousand heads. At the same time, the number of offspring during the same period increased by 28.1%: from 25.2 to 32.3 thousand heads.

24.05.2022

KSG Agro increased pig stock by 17.6% in the first quarter of 2022

In the 1st quarter of 2022, KSG Agro agricultural holding increased the number of pigs by 17.6% compared to the same period in 2021, from 46.4 thousand to 54.5 thousand heads. This was reported by the press service of the agricultural holding.

In the 1st quarter of 2022, KSG Agro agricultural holding increased the number of pigs by 17.6% compared to the same period in 2021, from 46.4 thousand to 54.5 thousand heads. At the same time, the number of offspring during the same period increased by 28.1%, from 25.2 to 32.3 thousand heads.
“Even in wartime, we continue to work on a strategic goal: to increase the number of pigs,” said Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro. “The main factors in the increase in the number of livestock recorded in the 1st quarter were the renewal and increase of sows of Canadian genetics Genesus by 200 heads, as well as improving the quality of feed produced at our feed mill from its own raw materials and premixes. Which made it possible to increase the offspring. ”
According to the agrarian, the increase in production efficiency and the increase in livestock in the near future will affect the growth of sales and provide an opportunity to continue the constant humanitarian supplies to the Armed Forces and medical institutions. “Ensuring food security is our contribution to the country’s defense and our victory,” said Mr Kasianov.
To remind, last December KSG Agro agricultural holding began the reconstruction of the second phase of the pig farm, in particular, an additional rearing plant and fattening shops.
ДОСЬЄ
KSG Agro є одним з провідних агрохолдингів України, європейською інноваційною групою компаній, що працює за принципом вертикальної інтеграції. Акції холдингу включені до лістингу Варшавської фондової біржі. KSG Agro входить до складу Європейської Бізнес Асоціації (EBA), а також до Асоціації «Свиноводи України». Основною діяльністю холдингу є обробка землі та виробництво сільгоспкультур, а також свинарський бізнес, за який відповідає ТОВ «Стронг-Інвест». Починаючи з вересня 2014 року, KSG Аgro реалізує стратегію розвитку, згідно з якою компанія розвиває найперспективніші проєкти, насамперед свинарство, а також рослинництво

16.05.2022

The 2022 KSG Agro sunflower and corn sowing campaign has started

The sunflower and corn sowing campaign has started last week at KSG Agro. This was reported by the press service of the agricultural holding with reference to the head of the KSG Agro crop division Dmytro Yemelchenko.
The sowing campaign of sunflower on the area of 8.5 thousand hectares and corn on 1 thousand hectares has started last week in the farms that are part of KSG Agro agricultural holding. During the sowing process, plant protection products from international manufacturers Syngenta and Limagrain are used.
According to Dmytro Yemelchenko, the start of the sowing campaign was scheduled for April 17, 2022, however, due to temperature conditions and taking into account the level of humidity, it was postponed to a later period.
Four 24-row John Deere DB 55 sowers with a capacity of 250 hectares per day are involved in the sowing process.
Currently, the farms of the agricultural holding apply CAS fertilizers for the cultivation of sunflower crops and carry out chemical treatment of winter crops (rapeseed, wheat, barley), whose plants are in good condition.
According to preliminary forecasts, the completion of sowing is scheduled for May 20, 2022.

10.05.2022

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.”

04.05.2022

KSG Agro raised a credit line from TASKOMBANK in the amount of UAH 60 million.

KSG Agro raised a credit line from TASKOMBANK in the amount of UAH 60 million (equivalent of USD 2 mln)
The Board of KSG Agro S.A. headquartered in Luxembourg (“the Issuer”) hereby informs that 2022 sowing campaign for the sunflower and corn is about to be launched, all of the key materials (diesel, fertilizers, crop protection materials) are in place for 100% of the campaign. Taskombank had supplied another UAH 60 mln (equivalent of USD 2 mln) to support the Group

For the winter crops, planted in the autumn of 2021, all the required fertilizers had been applied, as well as crop protection materials, the plants are in a very good shape. Circa 8,500 hectares of sunflower and corn shall be sown using the full spectrum of technologies usually applied by the Group. The trigger for launch of the sowing campaign shall be the proper temperature required for those types of crops.

The Issuer is optimistically looking into the future: military actions have moved further away, with the Ukrainian military heroically fighting the aggression. Meanwhile, prices for all major crops continue to increase.

25.04.2022

KSG Agro increased sales of pigs by 3% in March

KSG Agro Agricultural Holding in March increased sales of pigs by 3% compared to February 2022, according to the press service of the holding.
In March, KSG Agro Agricultural Holding increased sales of pigs by 3% compared to February 2022, from 6080 to 6247 heads.
The main factor influencing the increase in sales from month to month was the increase in the number of pig population by 500. Thus, if in February 2022 it was 54018 heads, in March 2022 – 54534 heads.
“Despite the extremely difficult situation in the country under martial law characterized by the rupture of logistics chains, we managed to increase the number of pigs and sales by creating a stock of feed and renewing the sow population last year,” said Chairman of the Board of KSG Agro Sergiy Kasianov. “We will continue to do everything possible in the conditions of war to maintain stable work and gradually increase our performance, thus ensuring food security and helping the Armed Forces with our products.”

25.04.2022

KSG Agro forms a three-month supply of raw materials for the production of feed

KSG Agro has started to form a strategic three-month supply of raw materials for the production of compound feeds at its own feed mill. This was reported by the press service of the holding.
KSG Agro has started to form a strategic three-month supply of raw materials for the production of compound feeds at its own feed mill. The purpose of this step is to ensure the smooth operation of the pig farm, taking into account the risk of interruptions in the supply of feed ingredients due to the temporary rupture of logistics chains in wartime.
According to the Chairman of the Board of Directors of KSG Agro Sergiy Kasianov, in order to fulfill this task, the supplier of premixes for the production of feed – Cargill has further increased the shipment quotas. The holding delivers the supplier’s products used for feed, as well as compound feed for young piglets, to the feed mill by its own vehicles. So far, two premixes have been delivered. The company estimates the monthly supply of premixes and special compound feed for newborn piglets at 160 tons.
Thus, the stock of ingredients for the production of compound feeds has already been formed: for grain (barley, corn, wheat, triticale, sorghum grown by the holding’s plant farms) – for 4 months, flour-protein (bran, soybean meal, sunflower meal, sunflower meal) – for 1 month, for premixes – for 1.5 months. KSG Agro intends to increase the stock of all types of ingredients in the near future, which allows for three months of uninterrupted production of feed.
According to Sergiy Kasianov, now the feed mill is working at full capacity. If before it worked in one shift with a production capacity of 100 tons of feed per day, now in two shifts with a production capacity of over 200 tons per day.
As previously reported with reference to the head of the Kryvyi Rih Military Administration Oleksandr Vilkul, the Ukrainian defense forces pushed the Russian occupiers 60 km from Kryvyi Rih, as a result of which the line of contact shifted from the border with Dnipropetrovsk to Kherson region (https://www.pravda.com.ua /rus/news/2022/03/29/7335383/).

DOSSIER
KSG Agro is one of the leading agricultural holdings in Ukraine, a European innovation group of companies working as a vertically integrated business. The holding’s shares are listed at the Warsaw Stock Exchange. KSG Agro is a member of the European Business Association (EBA) and the Ukrainian Pig Breeders Association.
The main activities of the holding are land cultivation and production of agricultural crops, as well as the pig business, for which LLC Strong-Invest is responsible. Since September 2014, KSG Agro has been implementing a development strategy, according to which the company invests in the most promising projects, primarily pig farming and crop production.

06.04.2022