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April 4, 2018
Astarta reports financials for Y2017
Low global sugar prices led to significant worsening of Astarta performance in Q4 2017, while results for Y2017 as a whole have been relatively good even despite lower y-o-y MY2017/18 yields for main crops in some key for the company regions of Ukraine
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April 3, 2018
Avangard Y2017 financial report
Despite significant improvement of financial performance in Q4 2017, general Avangard results for Y2017 have been weak
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March 27, 2018
Ferrexpo reports Y2017 financials
Driven by favorable market situation and general cost efficiency of the company financial performance of Ferrexpo in Y2017 has been good
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November 7, 2017
Metinvest - financial report for 1H 2017
Expectedly financial performance of Metinvest in reporting period has been good
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October 31, 2017
Kernel Holding - operating results for Q1 FY2018
The company demonstrated record-high for the last years volumes of quarterly sunflower oil sales
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October 27, 2017
Ovostar - Q3 2017 operating report
Ovostar keeps increasing its shell eggs export volumes, another positive factor is recent growth of prices on Ukrainian local market
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October 26, 2017
Kernel reports financials for FY2017
Despite continuing decline of sunflower seeds crushing margin, during reporting period earned more than USD 300M of EBITDA.
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October 22, 2017
MHP releases Q3 2017 operating report
Due to low poultry production stocks as of beginning of reporting period, the company significantly decreased poultry sales in tons, which is to be offset by the growth of average selling price.
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October 6, 2017
Ferrexpo reports its production for Q3 2017
In Q3 2017 the company decreased total pellets production to the lowest level for the last three years (to 2.5M tons), reason – planned maintenance works.
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September 18, 2017
Avangard H1 2017 financial report
Financial performance of Avangard during reporting period has been week, the company keeps negotiations with its lenders on debt restructuring.
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September 11, 2017
Ovostar reports Q2 2017 financials
Due to further deterioration of Ukrainian eggs market situation, in reporting period financial performance of the company worsened vs. previous year, but remain much better vs. results of competitors.
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August 30, 2017
IMC reports H1 2017 financials
Despite worse than expected financial performance in H1 2017 financial standing of IMC keeps improving. We specially note significant decrease of debt burden of the company during last period of time.
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August 25, 2017
Astarta reports financials for Q2 2017
In reporting period financial results of the largest Ukrainian sugar producer and soybeans crusher have been in line with our expectations, general financial standing of the company remains good.
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August 20, 2017
MHP reports Q2 2017 financials
Leading Ukrainian poultry producer notably improved its operating and financial performance in reporting period of time.
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August 19, 2017
Metinvest reports its production for Q2 2017
Disregarding results of enterprises situated at non-controlled by Ukrainian government Donbass territory in Q2 2017 Metinvest improved its operating performance.
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August 9, 2017
Ferrexpo reports H1 2017 financials
In H1 2017 financial Ferrexpo performance figures have been slightly above our expectations. Despite decrease of sales volume in natural terms (tons), Ferrexpo EBITDA increased y-o-y by 79% and made USD 287M (vs. our earlier projections of USD 260M).
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July 26, 2017
Kernel Holding - operating results for Q4 FY2017
One of the largest Ukrainian agri-holdings significantly improved its operating performance in main segments...
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July 24, 2017
Ovostar - Q2 2017 operating report
The company improved its performance in all segments of its activity, despite challenging situation on Ukrainian domestic eggs market...
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July 19, 2017
MHP releases Q2 2017 operating report
Poultry export of the company grew y-o-y by 31% up to 71k tons, the share of export in total poultry sales in reporting period made more than 45%...
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July 7, 2017
Ferrexpo reports its production for Q2 2017
In latest reporting quarter the company decreased its general production volume by 10.5% vs. Q2 2016 to 2.536M tons, the reason – scheduled maintenance works at production facilities...
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May 30, 2017
Kernel reports financials for Q3 FY2017
Low profitability of main business segments of the group negatively impacts Kernel Holding financial performance, along with it financial standing of the largest Ukrainian sunflower seeds crusher remains good...
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May 25, 2017
MHP reports Q1 2017 financials
Financial performance of the largest Ukrainian poultry producer in last reporting period have been rather good with growing chickens export and good profitability of this business segment in general...
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May 20, 2017
Industrial Milk Company reports Y2016 financials
Financial performance of the company in both Q4 and Y2016 as a whole has been in line with our expectations...
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May 17, 2017
Ovostar reports Q1 2017 financials
Despite negative situation on Ukrainian eggs market Ovostar keeps showing good performance...
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May 17, 2017
Astarta reports financials for Q1 2017
In last reporting quarter Astarta improved its performance in terms of sales volume but profitability has been lower than expected...
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May 2, 2017
Ovostar - Q4 2016 financials and Q1 2017 operating report
Supported by growing domestic prices in the last quarter of Y2016 financial results of Ovostar have been rather good. Having good balance sheet quality, the company has good margin of safety in its activity...
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April 26, 2017
Kernel Holding publishes operating results for Q3 FY2017
Operating results of the largest Ukrainian sunflower oil producer and one of the largest grains traders have been generally good...
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April 19, 2017
MHP releases Q1 2017 operating report
Poultry export of the company grew y-o-y by 60% up to 49k tons, the share of export in total poultry sales in reporting period made almost 40%...
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April 11, 2017
Astarta reports financials for Y2016
The largest Ukrainian sugar producer and soybeans processor demonstrated solid operating and financial results in all segments of its activity. The company keeps its deleveraging having repaid more than EUR 50M of its debt in Y2016, so its balance sheet structure and quality further improved...
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April 7, 2017
Ferrexpo reports its production for Q1 2017
In latest reporting quarter the company decreased its general production volume by 9% vs. Q1 2016 to 2.634M tons, the reason – scheduled maintenance works at production facilities...
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April 3, 2017
Avangard reports Y2016 financials
Despite significant improvement of Avangard operations profitability in the last quarter of Y2016, lenders can count on only small portion of operating income, generated by the company, and should be ready for new round of tough negotiations with its principal owner...
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March 23, 2017
Ferrexpo reports Y2016 financials
Driven by growing iron ore prices and pellets premiums Ferrexpo reported good financial performance results for Y2016. Ukrainian company remains one of the most cost-efficient iron ore pellets producers in the world...
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March 15, 2017
MHP reports Y2016 financials
Despite challenging environment on the global poultry market and decrease of state support, due to growing export operations and good new season crops harvest, MHP demonstrated good operating and financial results in Y2016...
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March 1, 2017
Kernel reports financials for Q2 FY2017
Financial performance of Kernel Holding in Q2 FY2017 has been in line with our expectations following good volumes of oilseeds crushing and grains trading. On negative side is the fact that part of corn has not been harvested by the end of December...
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February 8, 2017
Metinvest reports its operating results for Q4 2016
In the last reporting quarter the largest Ukrainian steel and ore producer generally worsened its operating performance, for the whole Y2016 crude steel and coke output grew, while production of iron ore concentrate decreased...
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February 3, 2017
Interpipe reports its main operating results for Y2016
In Y2016 Interpipe decreased sales of pipes by 10% and increased realization of wheels by 22%. As a result total finished production sales made 572k tons (-5% y-o-y)...
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January 26, 2017
MHP releases Q4 2016 operating report
In latest reporting quarter and Y2016 as a whole one of the largest Ukrainian agri-holdings demonstrated generally good operating results with growth of main performance figures...
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January 23, 2017
Ovostar - Q4 2016 operating report
Despite all difficulties one of the leading Ukrainian eggs producer demonstrated good operating results both in latest reporting quarter and Y2016 in general...
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January 14, 2017
Kernel publishes operating results for Q2 FY2017
Operating results of the largest sunflower oil producer in Ukraine in reporting quarter have been rather good, driven by results of Farming direction (which positively influenced volumes of grains trading) and general growth of sunflower seeds harvest in Ukraine (meaning ample raw materials for crushing operations)...
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January 9, 2017
Ferrexpo reports its production for Q4 2016
In addition the company reported its key operating performance figures on the basis of which we estimate that in Y2016 its total revenues were close to USD 1bln, EBITDA – at about USD 365M. In Y2016 Ferrexpo repaid USD 196M of debt and significantly improved its cash position...
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December 13, 2016
Metinvest reports main financial performance figures for Q3 2016
Because of certain sales in natural terms decline in last reporting quarter revenues of Metinvest slightly decreased. On the other side, due to some prices recovery and cost reduction (largely in a view of UAH devaluation) EBITDA more than doubled...
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December 2, 2016
Avangard – fragile stabilization
At least despite during last two quarters eggs prices in Ukraine have been relatively low, production volumes are stable. In addition in Q3 2016 EBITDA of USD 3M was reported by the company...
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November 18, 2016
Industrial Milk Company reports Q3 2016 financials
Having increased yields for its main crops in new season Industrial Milk Company is expected to improve its financial performance. On the other side balance sheet quality of the company remains quite average with operating activity financed fully by 3rd parties funds, so it is crucial for the future stability of IMC not to be involved in overly-aggressive development...
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November 17, 2016
MHP reports Q3 2016 financials
Supported by growing export operations and good new season crops harvest, MHP demonstrated generally good results in last reporting period. Balance sheet structure remains average with good liquidity position on positive side...
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November 16, 2016
Ovostar reports Q3 2016 financials
Despite negative situation on Ukrainian domestic eggs market during last two quarters, for the company it just resulted in decrease of profitability, while general results remain solid. Taking into account good financial standing of Ovostar, active development of its export operations, we maintain our positive view on future activity of the company...
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November 15, 2016
Milkiland reports Q3 2016 financials
After drop in Q1 Milkiland stabilized sales volumes, so in Q3 2016 total revenues have been slightly higher than in two previous quarters. The company keeps litigation process and at the same time restructuring negotiations with its lenders...
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November 11, 2016
Astarta reports financials for Q3 2016
The company keeps demonstrating solid operating and financial performance. Despite the company slowed down sales of sugar and agri-products in last reporting period, financial results have been on the level of previous year. Taking into account current target market fundamentals, we expect good results in new season (with EBITDA at least about EUR 170-175M). ..