INFOLine resented the “TOP-10 Rating of Russian Agricultural Holdings”.
* Miratorg Agribusiness Holding does not include Bryansk Meat Company LLC
At the end of 2018, Miratorg Agro-Industrial Holding * became the leader in the INFOLine rating with revenues of 111.6 billion rubles. (excluding VAT). The drop in revenue (-0.5%) following the results of 2018 was due to a significant decrease in the sale of imported meat (-32.7%) from Brazil against the background of a temporary ban. Sales of the company's own products grew by 12.6% in monetary terms.
Cherkizovo Group took the second place in the INFOLine rating. In addition, the company showed the most significant revenue growth from the TOP-10 of the agricultural holding company - by 13.5% to 102.6 billion rubles. In the first half of 2019, Cherkizovo Group increased its growth rates - revenue grew by 25% compared to the same period last year to 55.7 billion rubles.
In third place is Rusagro Group of Companies with revenue of 83 billion rubles. (+ 5%). Moreover, in the first half of 2019, Rusagro showed revenue growth of 124%. According to INFOLine, at the end of the year, the company can achieve revenues of 120-125 billion rubles. Such growth is associated with the consolidation of the assets of Solar Products, the further development of the dairy segment, as well as the acquisition of 22.5% of the Agro-Belogorye Group of Companies (it is possible that further absorption of the company will continue).
According to INFOLine, the main factors influencing the dynamics of the agro-industrial complex as a whole and agricultural holdings in particular remain the same: the global situation, state support, and the realization of export potential. However, in the domestic market, agricultural holdings are increasingly implementing a vertical integration strategy - “from field to counter”. For example, in August last year Rusagro Group of Companies began working in the dairy segment, Miratorg began production of sausages, Econiva Agroholding plans to process all of its milk on its own in the medium term.
Against the backdrop of stagnation in the domestic market, the continued consolidation of the industry will influence the revenue of companies. INFOLine experts expect an increase of mergers and acquisitions in the market in the medium term.