ASTARTA's sugar segment revenues increased by 4%

«Astarta»'s sugar segment 1H21 revenues increased by 4% y-o-y to EUR59m on back of higher prices.

It is reported by press center of the company.

Gross margin increased to 37% in 1H21. EBITDA amounted to EUR18m in 1H21 versus EUR8m in 1H20, with the margin widening to 31% in 1H21.

«Astarta»’s consolidated revenues amounted to EUR151m in 1H21. The Sugar segment revenues increased to EUR59m, or 39% of the total consolidated revenues. Revenues in the Agricultural segment were EUR27m. EBITDA increased by 87% y-o-y to EUR125m and EBITDA margin from 39% in 1H20 to 83% in 1H21.

Yuliya Bereshchenko, business development and IR director of «Astarta», commented: «Astarta» continues to demonstrate its resilient business model by delivering much needed hard currency inflows and taxes to the Ukrainian state budget, cereals and feedstock products to global markets and reduced leverage profile to its shareholders. The Company continues servicing its customers in Ukraine and globally with sustainable food products».