Revenue and profits of AB Linas Agro Group shrunk.

Consolidated revenue of AB Linas Agro Group in twelve months of 2014/15 financial year totaled EUR 574 million and went down 2% as compared to previous year (EUR 585 million). Sales revenue for Q4 slightly increased from EUR 127 million to EUR 129 million.

The Group’s gross profit reached EUR 40 million and went down 6% as compared to the previous year (EUR 43 million).

Consolidated EBITDA declined to EUR 20.7 million from EUR 34.7 million last year. Excluding one-off effects for FY2013/14, Group’s EBITDA stayed almost unchanged and was EUR 20.7 million compared to EUR 21.5 million in previous year. EBITDA for Q4 totaled EUR 7.2 million and was also lower to as compared to the previous year (EUR 12.9 million).

The Group’s operating profit reached EUR 11 million or was 57% less as compared to the respective period of the previous year (EUR 26 million). Excluding one-off effects (EUR 13 million) on Group’s profit-loss statement of 2013/14 financial year, the operating profit was EUR 11 million and 14% less as compared to the previous year (EUR 13 million).

Profit before taxes amounted to almost EUR 9 million (compared to EUR 24 million in previous year). The net profit attributable to the Group stood at EUR 8 million (previously EUR 24 million or EUR 10 million excluding one-off effects).

Due to the impact of lower world market prices for grain and oilseed, the revenue from grain, oilseed and feedstuff trading business went down from EUR 421 million to EUR 388 million and the operating profit was EUR 7.2 million (EUR 10.9 million in FY 2013/14). Operating profit margin dropped from 2.6% to 1.9%.

The revenue from products and services provided to the farmers went down from EUR 128 million to EUR 125 million, operating profit has shrunken by 40% amounting to EUR 1.1 million.

Low purchase prices of grain and milk had a negative impact on the revenue of farming activities which went down from EUR 28 million to EUR 25 million.

Due to favorable market prices for feedstuff and improving operational efficiency, poultry business was one of the most profitable in comparison with others. Sales revenue of the segment amounted to EUR 61 million and its operating profit was EUR 3 million (as compared to EUR 9.9 million in FY 2013/14 or EUR 2.1 million after elimination of one-off effect of acquisition).

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