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Russia’s Ekosem-Agrar sees 60% higher sales in 2019

4 Jun 2020

• 4 Jun 10:37

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Ekosem-Agrar, the German holding company of Russian milk producer EkoNiva Group, has achieved 60% higher sales in 2019 than in the previous year, as it continues its rapid expansion. According to preliminary figures, the Group generated sales revenues of more than EUR400 million in the past fiscal year, an increase by over 60% compared to 2018. Total output also rose noticeably by approximately 50% to over EUR560 mln on last year’s EUR376.5 mln. EBITDA improved by over 40% to more than EUR160 million compared with last year’s EUR116.1 mln. Stefan Dürr, Ekosem-Agrar’s chief executive and primary shareholder, said the group entered the top. Read more...