KSG AGRO : According to the results of 2022, KSG Agro agricultural holding’s EBITDA amounted to USD 1.7 million.

According to the results of 2022,KSG Agro's EBITDA amounted to USD 1.7million.This was reported by the press service of the agricultural holding with reference to the data of the report confirmed by an international audit published on the Warsaw Stock Exchange.

According to the results of 2022. KSG Agro's EBITDA amounted to USD 1.7 million, gross profit was USD 3.18 million, and operating profit was UAH 0.4 million.

"The first year of Russia's full-scale invasion was a tough test for Ukrainian agribusiness in general and our agricultural holding in particular. Disruption of traditional logistics, restriction of exports to the grain corridor, increased personnel costs, security and energy autonomy - the list of negative factors of the new realities is long. So, of course, the results of 2022 cannot be compared with the previous year, which was also a record year in terms of harvest," comments Sergiy Kasianov, Chairman of the Board of Directors of the agricultural holding. "However, despite formal losses, our agricultural holding ensured stable operations in 2022. Thanks to the vertical integration of business development, we did not increase our credit burden, expanded our pork sales share, securing 80% in our native Dnipro region and entering the markets of Zaporizhzhia and Kharkiv, where pork producers have shut down their operations as a result of Russian aggression."

"The report of one of the leaders in the pork and agricultural products market is interesting as an illustration of agribusiness trends during the period of full-scale invasion of Russia. Analyzing KSG Agro's financial statements, we can conclude that if it were not for exchange rate differences (minus USD 2.63 million), the profit would have amounted to about USD 1 million. This indicates that the agricultural holding has withstood and has good prospects for 2023. An important factor was and remains the fact that, thanks to vertical integration, revenue from pork production exceeds revenue in the field of crop production, and the share of revenue from pork sales amounted to 70% of the company's total revenue from sales of products," Oleksandr Golizdra, Deputy Chairman of the Securities Market Analysis Commission of the Ukrainian Society of Financial Analysts, comments on the indicators.