Myronivsky Hliboproduct (MHP) plans to increase the share of export revenues in total sales to 70% in future from 55% in the first half of 2018.
“We intend to increase exports … After the launch of all capacities, exports could reach 70%. This is the prospect for the next three years,” Viktoria Kapeliushna, the company’s finance director, told Interfax-Ukraine, noting that MHP exports not only chicken, but also grain and vegetable oil.
In addition, she confirmed the interest of MHP in purchasing new assets in other countries and reported the agricultural holding is considering several proposals.
Commenting on the impact of the external situation on the company’s plans, she noted the risk of expanding trade wars between the countries.
“The situation with the Turkish lira has not affected Ukraine so far. But we cannot say there won’t be influence at all, it depends on what will happen to other emerging markets. At present, it’s worth being more afraid of trade wars between the countries. This factor can indeed significantly affect the markets,” Kapeliushna believes.
Speaking about expectations for the near future, the financial director of MHP reported that the agroholding maintains its forecast for the growth of EBITDA in 2018 compared to 2017 by 5%, to $490 million.