March 17, 2024

Compared to the previous year, the turnover of the largest Ukrainian distributor of fertilizers and crop inputs increased by 31%.

According to the official financial statements of the company Eridon, which is the leading Ukrainian distributor of fertilizers and crop inputs (recently the company entered the Forbes ranking of the most effective Ukrainian agricultural companies), its revenue for 2023 was UAH 27 billion, which is 31% higher than in 2022 (UAH 20.6 billion).

Eridon's operating profit doubled - from UAH 854 million in 2022 to UAH 1.7 billion, net profit increased from UAH 184 million to UAH 681 million.

As for the structure of the balance sheet, the amount of inventory did not change compared to last year and as of December 31, 2023 was about UAH 5 billion, but the amount of cash on the company's accounts increased from UAH 1.2 billion to UAH 2.9 billion for the year.

There are no bank loans in the structure of the company's assets financing, and the amount of equity as of the reporting date made UAH 3.2 billion.

Apart from being the leading Ukrainian distributor of fertilizers and seeds, the Eridon group also includes agricultural companies with a total land bank of 55,000 hectares and grain storage capacity of 230,000 tons, a company supplying agricultural machinery to the Ukrainian market, as well as a company engaged in construction and engineering.

The group owns oil processing facilities and is also building a plant for corn processing.

The owner of the Eridon group is Ukrainian businessman Serhiy Krolevets.