Kernel, one of the largest Ukrainian agrarian groups, intends to reach EBITDA of $495 million by 2021 due to doubling exports, as well as investments and strategic acquisitions.
According to the company’s financial report on the website, Kernel plans by 2021 to increase production of bulk oil to 1.877 million tonnes, sales to 1.753 million tonnes. The company plans to achieve such figures through the construction of a new processing plant or the acquisition of a local player in Western Ukraine.
In addition, the group plans to increase sales of bottled oil in monetary terms to $150 million, keeping 131 million liters in natural terms, to increase throughput to 8.9 million tonnes through the commissioning in 2019 of a new grain terminal, Transbulkterminal, as well as raise grain sales to 8 million tonnes, the storage capacity to 5 million tonnes.
The company’s net profit for the last four quarters (April 2017-March 2018) was $35 million, which is 5 times less than in the 2017 financial year. Revenue for this period was $2.124 billion, EBITDA stood at $232 million, which is 2.1% and 27.3% respectively less than the figures for 2017.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural products from the Black Sea region to the world markets.
