KSG Agro increased EBITDA by 67% and sales revenue by 16% in 9M2023

For three quarters of 2023, EBITDA of KSG Agro increased by 67% and sales revenue by 16%. This was reported by the press service of the agricultural holding with reference to the KSG Agro report published on the Warsaw Stock Exchange.

For the three quarters of 2023 KSG Agro's EBITDA increased by 67% to USD 4.5 mln against USD 2.7 mln in the same period of 2022, and sales revenue increased by 16% to USD 11.9 mln against USD 10.2 mln. During the same period, the agricultural holding's profit increased by 1,292% - from USD 96 thousand to USD 1 million 336 thousand. EBITDA is an indicator equal to earnings before interest, taxes, depreciation and amortization.

"Thanks to the right strategy and vertical integration of the holding, even in the face of difficulties in exports, we have directed a significant part of crop production to the production of animal feed," comments Sergiy Kasianov, Chairman of the Board of Directors of KSG Agro. - "Despite the full-scale war, we managed to retain the backbone of the professional team, restore the destroyed logistics chains, renew the pig population, ensure energy independence of the pig farm, and organize exports of both crops and finished products with high added value - sunflower oil - to the EU countries.