Agroholding KSG Agro in 2023, the sunflower area will be reduced by 15% compared to last year – down to 7.3 thousand hectares, the press service of the agricultural holding.
“We are fully satisfied with the weather conditions in which the sowing campaign takes place. Stock of moisture in the soil is quite sufficient. Warm weather since the beginning of May contributes to efficient seeding to get quality sunflower crops”, – noted in KSG Agroo.
During the sowing campaign there are three John Deere DB 55 sowing complexes involved, 700 hectares have already been sown with seeds from Syngenta, Limagrain and Euralis.
A year earlier, the agricultural holding sowed sunflowers on 8.4 thousand hectares. The average yield was 18 cwt/ha.
Vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21 thousand hectares, which are located in Dnipropetrovsk, Kharkiv, Khmelnitsky and Kherson regions.
According to Agroholding, it is one of the top 5 pork producers in Ukraine.
In 2021, the holding increased its net profit by 16 times compared with 2020 – up to $20.27 million, its earnings – by 44%, to $30.75 million, and it increased EBITDA by half – to $12.28 million. The data for 2022 has not yet been published.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
KSG Agro holding by the beginning of March 2023 intends to export to Asia and Africa 7 thousand tons of cereals, which will be shipped through the ports of Odessa and Odessa region in the “grain corridor”.
As reported in a press release from the group of companies in January-February 2023 at the ports of Odessa and Odessa region has already delivered more than half of the planned exports of agricultural products.
It is specified that the batch of crops consists of 4 thousand tons of wheat, 2 thousand tons of barley and 1 thousand tons of corn.
“Export of grain crops for us is not only a diversification of sales, but also a contribution to global food security. With the effective and safe operation of the “grain corridor” we are planning to continue exporting our products”, – the words of the head of the board of directors of the holding Sergey Kasyanov are given in the report.
Vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
KSG Agro in 2021 increased its net profit by 16 times compared to 2020 – up to $20.27 million, revenue – by 44% to $30.75 million, while increasing EBITDA by half – to $12.28 million.
Economic results of KSG Agro holding for 2021 were confirmed by international audit company Crowe which is one of the top 10 world audit networks, the holding press-release said on Monday.
According to the report, the agrarian group has significant biological assets through its agricultural operations, which reached $39.4 million at the end of 2021, and net income from biological transformation for that year was $7.3 million.
“The pre-war year was one of the best in the history of our holding company, as witnessed by international auditors. Thanks to the successful choice of technology and weather conditions, our crop yields were the highest in the last 10 years, and in the pig segment we had a good update of the herd with Canadian Genesus genetics and achieved high dynamics of piglet litter,” – quotes the head of the holding Sergei Kasyanov.
KSG Agro noted that Polish investors are very closely monitoring the state and development of the Ukrainian companies which are listed on the Warsaw Stock Exchange. They understand that Ukraine will win the war with Russia, and therefore they pay attention to the professional evaluation of the financial and production situation of Ukrainian assets by international auditing companies, said the holding
KSG Agro reminded that according to the results of 2021, KSG Agro S.A. (Luxemburg) increased gross income by 44% compared to 2020 – from $21.3 million to $30.7 million, EBITDA by 2 times – from $6.02 million to $12.27 million, its operating profit increased by 2.5 times – from $4.3 million to $10.7 million. The profit of KSG Agro S.A. (Luxemburg), which includes all the group companies, was $20.2 million before taxes.
The vertically integrated holding KSG Agro is engaged in pig breeding as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
KSG Agro in the first half of 2022 increased normalized profit by 43% compared with January-June 2021 – to $1.21 million, while its revenue decreased by 12%, to $6.02 million, and EBITDA by 17%, to $2.22 million.
KSG Agro rented an oil extraction plant (OEZ) in Dnipropetrovsk region to produce virgin sunflower oil from its own raw material.
According to the agricultural holding’s press release issued on Friday, the crude sunflower oil it produces will be exported to European Union countries by road.
It is specified that the capacity of rented crushing plant allows processing 2.5 thousand tons of sunflower seeds into 1 thousand tons of sunflower oil per month. Staff of the factory consists of 30 persons. The production is equipped with modern equipment manufactured in Ukraine in 2008.
Agroholding reminded that after the start of a full-scale Russian military invasion into Ukraine, it began exporting rapeseed and sunflower oil to Poland, Slovakia and Italy. In addition, it began pilot shipments of sunflower oil to Poland and Italy using “flexitanks” – polymeric containers designed to transport liquid cargo and installed on trucks.
The vertically integrated holding KSG Agro is engaged in pig farming as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
In 2021, the holding increased its net profit in 16 times compared with 2020 – up to $20.27 million, revenue – by 44%, to $30.75 million, while increasing EBITDA by half – to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
Agroholding KSG Agro harvested sunflower from 5 thousand hectares, which is 60% of the planned 8.4 thousand hectares, the harvesting of this crop is scheduled to be completed by October 12.
According to a press release from the agrarian group, the average sunflower yield was 18 centners per hectare.
“Of course, the current sunflower yield is lower than last year, but our weather pattern is completely different, since spring precipitation was very uneven even within the same farm. c/ha up to 29 c/ha, but on average 18 c/ha,” the holding company quotes the head of its crop production division, Dmitry Emelchenko.
According to him, the completion of the sunflower harvesting campaign depends on weather conditions and is scheduled, tentatively, for October 12.
KSG Agro also sows winter wheat on a total area of 4.2 thousand hectares and cares for winter rape crops on an area of 2.15 thousand hectares.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares.
According to the agricultural holding, he is in the Top 5 pork producers in Ukraine.
In 2021, the holding increased its net profit by 16 times compared to 2020, to $20.27 million, revenue by 44%, to $30.75 million, while doubling EBITDA to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
Agroholding KSG Agro has begun exporting sunflower oil to Poland and Italy, and the first batch of 2,000 tons of rapeseed has been sent to Slovakia, according to a press release from the agrarian group on Thursday.
“Currently, there are very good conditions for agricultural producers to export to the EU – in fact, there are no taxes (in particular, VAT) and import duties. So, if you solve problems with transportation, establish efficient logistics, you can have a good source of replenishment of foreign exchange income”, – quotes the agricultural holding of its owner Sergey Kasyanov.
According to him, the export of agricultural products to the EU makes it difficult to increase the cost of logistics and increase its time. So, if earlier one delivery to the EU was carried out on average in 5-7 days, then in the conditions of the Russian military invasion and queues at border crossings, delivery can last 20-30 days.
It is specified that the supply of sunflower oil to Poland and Italy will be carried out with the help of flexitanks – polymer containers designed for the transportation of liquid cargo on conventional trucks.
In addition to KSG Agro LLP, we are currently negotiating with partners regarding the possibility of bottling and refining sunflower oil in the EU countries in order to quickly increase its exports and sell products ready for consumption.
“We managed to build effective supply chains for export supplies of both grain and high value-added products (vegetable oil) to the markets of the EU countries, despite the blockade of seaports. In 2022-2023, we plan to focus on developing the export of our products in order to increase foreign exchange earnings. There are all the prerequisites for this, for example, high demand in the EU for grain and the same rapeseed,” Kasyanov summed up in the message.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares.
According to the agricultural holding, he is in the top 5 pork producers in Ukraine.
In 2021, the holding increased its net profit by 16 times compared to 2020, to $20.27 million, revenue by 44%, to $30.75 million, while doubling EBITDA to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
