Successful performance of Ekosem-Agrar AG’s Milk Processing business unit


[ad_1]

DGAP-News: Ekosem-Agrar AG / Tag(s): Expansion
17.01.2022 / 13:00
The issuer is solely responsible for the content of this announcement.

Successful performance of Ekosem-Agrar AG’s Milk Processing business unit

Walldorf, January 17, 2022 – Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, continued to successfully expand its new milk processing business area in fiscal 2021. Volume of dairy products sold increased by 76% year on year to more than 131,000 tons, with revenues also increasing at a disproportionate rate of more than 75% to just under 80 million euros, according to the latest predictions.

The portfolio includes 71 products, including fresh milk with different fat content, organic milk, long-life milk, drinking and organic yoghurts, desserts, kefir, sour cream, curd, butter, ice cream and cheese. They are marketed under the umbrella brand EkoNiva or in own brands, mainly in the European part of Russia and in Siberia. Over the past few years, the EkoNiva brand has accounted for a steadily growing share of revenue, which recently reached 77%.

The Group has almost doubled its sales of dairy products with the largest federal distribution chains in Russia. Sales of the Magnit chain, one of the country’s leading retailers, increased sixfold thanks to the expansion of the product portfolio and an increased geographical presence. Sales also evolved positively in the supermarket chains Lenta, Perekrjostok (belonging to the X5 Retail group) and Auchan. In addition, EkoNiva dairy products are available in 37 own brand stores.

In the HoReCa (Hotel/Restaurant/Café) segment, the Ekosem-Agrar Group doubled the total number of its partners in 2021, and sales increased significantly by around 330%. Since spring 2021, one of the most important HoReCa partners has been the fast food chain McDonald’s, the leading systemic catering chain in Russia. Other important partners are the catering facilities at Sheremetyevo and Vnukovo airports (both in Moscow) and Russia’s largest airline, Aeroflot.

Online retail is another important sales channel for the Group, where additional platforms have been successively acquired as customers over the past two years. EkoNiva brand products can now be ordered through the delivery services Sbermarket and Sbermegamarket, Samokat, Delivery Club, igooods.ru, the online supermarket Perekrestok vprok (vprok.ru), Ozon and Ozon Express, as well as Utkonos. Overall, sales through online channels more than tripled in 2021.

Stefan Dürr, Chairman of the Management Board of Ekosem-Agrar AG: “In milk processing, we have now reached the point where, thanks to the strong demand for our products, our production capacities are fully utilized and we can concentrate on increasing profitability with our own brand and selected private labels.”

Start of sales of premium hard cheese “Dürr” in autumn

In the fourth quarter of 2021, two hard cheese varieties were added to the portfolio of the umbrella brand EkoNiva. The six-month-aged hard cheese, named after company founder Stefan Dürr, has been available on the market since October 2021. The high-quality premium cheese is produced in the company’s own cheese dairy in the region of Voronezh, which has a daily production capacity of 6 tons including 2 tons of hard cheese.

About Ekosem-Agrar

Ekosem-Agrar AG, Walldorf, is the German holding company of the EkoNiva Group, one of Russia’s largest agricultural companies. A herd of more than 216,000 head of cattle (including more than 112,000 dairy cows) and a daily production of approx. 3,100 tons of raw milk make the company the largest milk producer in the country. The Group controls an agricultural area of ​​approx. 630,000 hectares and is also one of Russia’s leading seed producers. The company’s founder and CEO is Stefan Dürr, who has been active in Russia’s agricultural sector since the late 1980s and has been instrumental in modernizing the industry over the past three decades. In 2009 he was awarded the Order of Merit of the Federal Republic of Germany in recognition of his contribution to the German-Russian dialogue on agriculture. The Group employs some 12,000 people and is present in nine administrative areas in Russia. Ekosem-Agrar generated total production of €565 million and adjusted EBITDA of €167 million in 2019.

Ekosem-Agrar has issued two corporate bonds on the German capital market: Bond 2012/2022 (ISIN: DE000A1R0RZ5) and Bond 2019/2024 (ISIN: DE000A2YNR08).

Further information is available at: www.ekosem-agrar.de

Contact Ekosem-Agrar

Irina Makey // Ekosem-Agrar AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // Tel: +49 (0) 6227 3585 919 // E: [email protected]

Press / Investor Relations

Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 // E: [email protected]

17.01.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
Archive at www.dgap.de

[ad_2]
Source link

Previous Coinrealcap Announces Pink Sale, Aims to Bring Advanced Crypto Tracking Features
Next Inside Tiffany Watson's wedding plans, from vegan menu to sister Lucy as bridesmaid