The agricultural holding KSG Agro in January-March 2022 increased its revenue from the sale of pigs by 3% compared to January-March 2021, to $2.58 million.
The growth in sales was caused by an increase in the number of pigs in the agrarian group over the specified period by 17.6%, to 54,500 animals from 46,400 animals, and the offspring of animals – by 28.1%, to 32,300 animals from 25,200 animals, according to a press release from the agricultural holding on Wednesday.
“It is very important for us, especially from the point of view of food security, to increase sales of products. As a result, despite the conditions of martial law, we are able to help the Armed Forces of Ukraine and the defense forces by providing them with pork and other products,” KSG Agro quotes its board chairman Serhiy Kasyanov.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding itself, it is among the top five pork producers in Ukraine.
Sales of new passenger cars in Ukraine in May 2022 increased by 2.1 times compared to April – up to 2.7 thousand units, but by May 2021 the drop was 69%, reports AUTO-Consulting.
“May brought quite good results for the new passenger car market. For the second month in a row, the market has almost doubled compared to the previous month. However, sales figures were 69% lower than in May 2021,” according to the website of the information and analytical group .
At the same time, according to its data, the decline in sales since the beginning of this year has slowed down a bit: 15.5 thousand cars were sold in five months (61% less), and dealer networks began to work actively.
By the end of May, Toyota became the sales leader, which managed to increase sales by 2.6 times compared to April (up to 412 cars), and this breakthrough made it possible to get ahead of Renault, which took second place in May with sales growth of 45% – up to 290 units. .
According to AUTO-Consulting, Volkswagen and Skoda are steadily increasing sales (keeping the third and fourth positions in the ranking with a 2.3-fold increase in sales by April and 90% respectively), which do not have problems with logistics.
Sales of Hyundai, which returned to fifth place (from sixth in April), also increased by almost 2.8 times, while BMW dealers more than tripled sales, which made it possible to move to sixth place against eighth a month earlier.
According to statistics provided by analysts, Nissan improved its position in the rating, increasing sales by 2.8 times – up to 120 units, and Kia managed to climb to eighth place from 14th in April with a growth of 3.6 times – up to 115 cars. Volvo dealers showed a significant improvement in their position, with sales growing from 7 cars in April to 51 in May.
“So the car market is reviving and gaining momentum, and this is a good sign. However, not all operators have yet been able to build new logistics and there is a subsidence in the market,” the group’s experts state.
They draw attention to the changing priorities of new car buyers during the war: if the Toyota Rav4 and Renault Duster are the constant leaders in sales, then in May the Kia Rio, Skoda Kodiaq and Toyota Yaris Cross also became leaders.
“May will be a record in the share of sales of electric vehicles. Ukrainian buyers have scooped up almost all available electric cars,” AUTO-Consulting emphasizes.
As reported with reference to Auto-Consulting data, in 2021 the market for new passenger cars grew by 20% to 103.65 thousand units.
MHP Agroholding sold 159.02 thousand tons of chicken meat in January-March 2022, which is 3% more than in January-March 2021, while its sales in Ukraine decreased by 6% to 66.8 thousand tons , and exports increased by 9% – up to 89.34 thousand tons, the agricultural holding said on the London Stock Exchange on Friday.
According to its production report, the agrarian group produced 175.64 thousand tons of chicken meat during the reporting period (+5% compared to the first quarter of 2021). Thus, the agricultural holding managed to sell 90.5% of its products.
“From the start of the war, the company faced serious logistical and infrastructural problems in Ukraine. While MHP continued commercial sales in Ukraine from the start of the war, export sales stopped due to the closure of seaports, and export deliveries by road remained almost impossible,” clarified the chicken producer of the consequences of Russian aggression.
MHP also noted that it was forced to reduce the capacity utilization of poultry farming to 80-85% of the nominal in March due to reduced demand for chicken meat in Ukraine and logistical difficulties in exporting its products, due to which the agricultural holding is forced to look for alternative export routes.
In January-March 2022, the share of chicken exports reached 56% against 53% in the same period in 2021.
MHP in the report noted an increase in the price of chicken for the reporting period by an average of 28% compared to the first quarter of 2021 – up to $1.84/kg (excluding VAT), including in Ukraine up to $1.6/kg (+8%) , in export markets – up to $2.01/kg (+45%). The increase in prices was mainly due to a significant increase in prices for energy resources (mainly natural gas) and utilities.
Kernel, one of the largest Ukrainian agro-industrial groups, in the third quarter of the 2022 financial year (FY, January-March 2022), reduced sales of vegetable oil (sunflower and rapeseed) by 28% compared to the same period of the last FY – from 371, 9 thousand tons to 269.1 thousand tons, the total processing of oilseeds – by 38%, from 901.6 thousand tons to 562.8 thousand tons.
According to a report published on the company’s website on Friday night, the decline in production and sales of oilseeds and vegetable oil was caused by the blockade of Ukrainian seaports by warships of the aggressor country of the Russian Federation, as a result of which the active harvesting, processing and export of grain and sunflower oil was stopped.
Similarly, in the nine months of FY2022 (July-2021 – March-2022), Kernel sold 906.3 thousand tons of sunflower and rapeseed oil (-17% compared to 9 months of FY2021) and processed 2.0 million tons of oilseeds ( -21%).
In the third quarter of FY2022, the group of companies reduced the volume of agricultural products supplied to its elevators by 53% compared to the third quarter of FY2021 – to 50.9 thousand tons, while in 9 months. 4.1 million tons of agricultural raw materials were delivered to elevators in FY 2022, which is 10% more than in 9 months. FY2021.
Kernel also noted with regret that due to the unprovoked military aggression of the Russian Federation in Ukraine, five of its employees were killed.
“Since the beginning of the war with Russia, more than 1,100 of our employees have been mobilized into the Armed Forces of Ukraine or joined the terrorist defense units. Of these, 180 have been demobilized and returned to work. No significant damage has been caused to any of the most important objects or infrastructure of the group. Two oil extraction plants of the group are located in the temporarily occupied territory, and access to such facilities is limited,” the agricultural holding stated the results of the Russian military invasion.
The total export of agricultural crops by Kernel in the third quarter of FY2022 increased by 17% compared to the same period of the last fiscal year, to 2.1 million tons, while exports were carried out mainly in January and February and were almost completely absent in March. Over the reporting period, 77% of export deliveries were received from external suppliers, and the rest of the agricultural crop was grown by the Kernel agricultural holding.
Agropromgroup also clarified that in the third quarter of FY2022, the share of its exports in the total volume of grain crops exported from Ukraine amounted to 17%, and for 9 months of FY2022 – 24%.
According to Kernel, in the third quarter of FY2022, it transshipped 2.08 million tons (+1% compared to the same period in FY2021) of agricultural products through its own grain terminal Transbulkterminal (Chernomorsk, Odessa region) – and in nine months of FY2021 – 7.27 million tons (+15%). It is noted that in the third quarter of FY2022, the grain terminal worked exclusively in January and February, before the start of the war unleashed by Russia on February 24.
“The group is working on creating alternative export routes. Rail logistics to the EU countries is very difficult, with numerous bottlenecks that make it impossible to achieve any significant export volumes until supplies are resumed through the Ukrainian Black Sea ports,” – summed up the agrarian group in the message. Before the war, Kernel ranked first in the world in the production of sunflower oil (about 7% of world production) and its export (about 12%), and was also the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in the cultivation of other agricultural products and their sale.
The largest co-owner of Kernel through Namsen Ltd. is Ukrainian businessman Andrey Verevsky with a share of 39.28%.
The agricultural holding in the financial year 2021 (FY, July 2020 – June 2021), increased its net profit by 4.3 times compared to FY 2020 – up to $513 million, its EBITDA increased 2.1 times – up to $929 million, revenue – by 38%, to $5.65 billion.
Agro-industrial holding “Astarta”, the largest sugar producer in Ukraine, in January-March 2022 reduced sales of this product by 44% compared to the same period in 2021 – from 58.14 thousand tons to 32.64 thousand. tons, while the average selling price on the domestic market increased by 14% – from UAH 16.14 thousand to UAH 18.45 thousand.
According to the report of the agrarian group on the Warsaw Stock Exchange on Wednesday evening, sales of wheat by the agricultural holding in the first quarter of this year increased by 2.6 times compared to January-March 2021 – up to 10.1 thousand tons, corn – by 2.8 times , up to 200 thousand tons, sunflower – 6 times, up to 21.5 thousand tons. Also, 71 tons of rapeseed were sold, which was not sold in the first quarter of 2021.
Milk sales for the specified period did not change, remaining at the level of 24.3 thousand tons.
In turn, the sale of soybean oil by Astarta in the first quarter of 2022 decreased by 2.1 times compared to January-March 2021 – to 12.6 thousand tons, and soybean meal – by 2%, to 39.1 thousand tons.
The agricultural holding clarified that the average cost of sugar sold in January-March 2021 increased by 14% compared to the same period a year earlier – up to UAH 18.45 thousand / ton, wheat – by 5%, up to UAH 8.3 thousand / ton, corn – by 34%, up to 7.5 thousand UAH / ton. At the same time, the average price of sunflower rose by 67% – up to 18.9 thousand UAH/ton, soybean oil – by 25%, up to 37 thousand UAH/ton, soybean meal – by 2%, up to 15.5 thousand UAH/ton. ton, milk – by 3%, up to 12.1 thousand UAH/ton.
Thus, taking into account the size of products sold and its average price, it is possible to estimate the estimated revenue of Astarta from the sale of sugar in the first quarter of this year at UAH 602 million, corn – UAH 1.5 billion, soybean meal – UAH 615.8 million , sunflower – UAH 407.6 million, milk – UAH 293.5 million, soybean oil – UAH 221.6 million, wheat – UAH 84.21 million, rapeseed – UAH 1.24 million. Accordingly, the total estimated revenue of the agricultural holding from the sale of these crops amounted to UAH 3.72 billion.
As reported, the agrarian group planned to transfer 1.1 thousand tons of food in the form of humanitarian aid to the Vinnitsa region, of which 530 tons have already been delivered to the region, while the Odessa region will receive 1.3 thousand tons of humanitarian aid (850 tons have already been delivered).
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand heads of cattle, an oil extraction plant in Globino (Poltava region), seven elevators and a biogas complex.
In 2021, the agricultural holding increased its net profit by 14 times compared to 2020 – up to EUR122.5 million, EBITDA – by 1.8 times, up to EUR201.5 million. Its revenue increased by 18.2% – up to EUR491.35 million, a third of which (EUR170 million) was generated by the production and sale of sugar.
Car sales in the European Union in March fell by 20.5% compared to the same month in 2021, the European Automobile Manufacturers Association (ACEA) said in a statement.
Negative factors for the market are the ongoing disruptions in supply chains due to the war between Russia and Ukraine.
According to ACEA, the number of cars registered last month in the EU countries (excluding Malta, for which statistics are not available) amounted to 844.187 thousand against 1.063 million in the same month a year earlier. All four of the region’s largest markets posted double-digit declines: Spain – 30.2%, Italy – 29.7%, France – 19.5%, Germany – 17.5%.
The number of new car registrations in Europe (EU countries plus Iceland, Norway, Switzerland and the United Kingdom, which left the European Union on January 31, 2020) fell by 18.8% in March to 1.127 million.
Sales of the Volkswagen group (including Skoda, Audi, Seat, Porsche, etc.) decreased by 24.3% last month, Stellantis (combined by Fiat Chrysler and PSA Group) – by 32.9%, BMW – 20.5%, Mercedes -Benz – 13.6%.
Realization of cars of Renault group decreased by 14.1%, at the same time cars of Lada jumped by 35.3% (up to 211 cars).
Japanese Toyota reduced sales by 12.2%. South Korean Hyundai increased them by 0.5%, Japanese Honda and Mazda – by 21.7% and 5.5% respectively.
In the first quarter, car sales in the European Union fell by 12.3% compared to the same period in 2021 (to 2.246 million), in Europe as a whole – by 10.6% (to 2.753 million).
