Astarta's share in sugar market amounted to 21%
In 2022, Astarta's share in sugar market amounted to 21%.
This is reported in the company's 2022 annual report.
Despite the constant challenges caused by the full-scale war, Astarta’s team continues to strengthen its operations, supply products to domestic and foreign markets and actively carry out humanitarian activities to near the Victory of Ukraine.
In 2022 the Company achieved sound financial results: its revenue exceeded half a billion euros, the highest figure in Astarta’s public history. The increase was driven by growth in sales of soybean products. Despite the ongoing logistical challenges, the Company also increased its share of export sales from 44% in 2021 to 54% of total consolidated revenues in 2022.
In 2022 energy supplies to processing plants was became the key and most challenging issue. Having the long-term strategy in place on reducing reliance on fossil fuels, the Company was able to adapt to the challenges quickly and not only supply its sugar plants with energy, including natural gas, but also partially offset its consumption with alternative fuels such as from an in-house biogas facility and burning plant pellets.
Against this backdrop, Astarta secured stable sugar output of 282kt, maintaining its share in domestic production of 21%. The Company exported 30kt of sugar. The segment generated revenue of EUR156m.