Agriholding “Kernel” that belongs to a businessman Andrew Verevsky expects to reach EBITDA of $ 495 million by 2021. The company will double the export volume, as well as increase investment and increase the number of strategic acquisitions, writes Interfax-Ukraine.
In particular, according to the financial report of the group, “Kernel” plans to increase the production of bottled oil to 1,877 million tons by 2021, and to increase their sales to 1,753 million tons.
As explained, this will be possible due to the construction of a new processing plant or the acquisition of an existing one in Western Ukraine.
Among other, Kernel plans to increase the sales of bottled oil in monetary terms to $ 150 million, while retaining the natural oil at the level of 131 million liters; to increase the throughput capacity to 8.9 million tons due to the commissioning in 2019 of a new grain terminal “Transbalkterminal”.
Another item is to increase the grain sales to 8 million tons, and the storage capacity of agricultural crops – up to 5 million tons.
By the way, over the last 4 quarters (April 2017 – March 2018) Kernel received only $ 35 million of net profit. It is 5 times less than in 2017. The profit for this period was $ 2,124 billion, EBITDA – $ 232 million.
And according to the results of the 1-st square of 2018 financial year, the company received a $ 39 net loss. It is because of the fact that earlier the group absorbed the Holding “Ukrainian Agrarian Investments” with a land bank of about 200 thousand hectares and now Kernel is adapting it to its own business model.