KSG AGRO : 70% of KSG Agro's total revenue in 2022 came from pork sales

The share of revenue from pork sales amounted to 70% of KSG Agro's total revenue in 2022. This explains why, taking into account the vertical integration of production processes and adjusted exchange rate differences, KSG Agro's profit amounted to USD 1 million.

The share of revenue from pork sales amounted to 70% of KSG Agro's total revenue from sales in 2022. While the volume of sales of the pig farm in 2022 amounted to USD 11.3 million, the volume of sales of crop production amounted to USD 4.1 million. At the same time, the number of pigs for the reporting year, according to the Company's report on the Warsaw Stock Exchange, increased by 5.6% - from 41.4 thousand to 43.7 thousand.

According to the company's press service, thanks to its strategy of focusing on vertical integration, the company has been able to maintain production dynamics and expand markets since the first days of large-scale Russian aggression.

"It is very important for us that in the first year of Russia's full-scale invasion of Ukraine, we have a trend that shows that the share of sales of pig products has significantly outweighed the same indicator in the crop segment. On the one hand, we are talking about high value-added products, and on the other hand, this allowed us to develop, while helping the Armed Forces and medical institutions in the region with quality pork. Another factor to consider is geography: we added Kharkiv and Zaporizhzhia to meet the demand in these regions after production was suspended in the areas affected by the Russian invasion.

Of course, this would not have been possible without our herd rejuvenation program, which allowed us to maintain a positive trend in livestock growth over the year, as well as without vertical integration: the lion's share of crop production goes to the production of feed for our herd," comments Sergiy Kasianov, Chairman of the Board of Directors at KSG Agro.