The Danish pig breeding company Goodvalley with assets in Ukraine, Poland and the Russian Federation (formerly Danosha) in January-March 2020 received DKK66 million of net profit against DKK2 million of net loss for the same period last year.
According to the report on the company’s website, Goodvalley’s revenue for the reporting period increased by 24%, to DKK399 million, gross profit tripled to DKK203 million.
The company’s EBITDA in the first quarter of 2020 increased by 4.2 times, to DKK176 million, adjusted EBITDA by 3.5 times, to DKK131 million. EBITDA margin amounted to 44.2% (in January-March 2019 some 13%).
Poland provided 64% of the total revenue, Ukraine 27%, Russia some 9%.
Goodvalley in Ukraine increased revenue to DKK108 million, as well as adjusted EBITDA to DKK45 million amid rising volumes and rising prices, as well as a record high efficiency of production this quarter. Goodvalley increased sales of pigs in live weight by 28.4%, to 10,400 tonnes. The average selling price increased by 23.5%, to DKK12.76/kg.
Goodvalley is engaged in pig farming in Ukraine, Poland and Russia. The group is also engaged in crop production, production of animal feed, biogas and electricity. It consists of 34 farms, nine biogas plants in Poland, Ukraine and Russia. Goodvalley has a land bank of 38,300 ha.
