It is reported by press center of the company.

In 2018, consolidated revenues of the Group amounted to EUR 372 million with the agriculture segment as the main contributor to the Group’s financial performance, generating 34% of total revenues. Export was strong at 56% of total revenues. Despite unfavourable pricing environment for the sugar and the declining performance in 2018, the Company is well-prepared for 2019 and have cautious optimism. The Company revised its investment program, adjusted its sales policy and structure of expenses. «Astarta» has a cohesive team of professionals and a clear strategy reinforced by a strong position in the market.

Revenues in the sugar segment were EUR 119 million (32% of the Group’s revenues). Average annual sugar sales price stood at EUR 328 that is 23% less y-o-y. In 2018, domestic sugar market remained oversupplied, pressing local prices to EUR 277 per tonn on average (net of VAT). Trending downward since early 2017, global sugar prices dropped by another 27% — to EUR 228 per tonn in 2018. Still, the company managed to secure strong level of export sales of 40% in volume terms.