«Astarta» sugar segment increases revenue by almost 9%
In 2020, «Astarta» sugar segment increases revenue by almost 9%.
It is reported by press center of the company.
«Astarta»’s consolidated revenues amounted to EUR416m in 2020, of which half were contributed by exports.
Gross profit increased by 33% y-o-y to EUR122m and EBITDA grew by 46% y-o-y to EUR113m, accordingly.
Net debt reduced from EUR276m as of YE19 to on back of repayment of bank debt and land lease liabilities leading to Net debt/EBITDA ratio of 1.1x at the end of 2020.
In 2020 «Astarta» retained its leading position in the Ukrainian sugar market with a 20% share. “A” grade quality sugar output increased from 96% in 2019 to 99% of the total 226 kt in 2020. Revenues increased by 9% y-o-y to EUR127m on back of 2% y-o-y higher price and 9% y-o-y higher sugar sales volumes in 2020. EBITDA totalled EUR22m in 2020.