DGAP-News: Ekosem-Agrar strengthens equity by EUR 10 million
(firmenpresse) - DGAP-News: Ekosem-Agrar GmbH / Key word(s): Capital Increase/Bond
Ekosem-Agrar strengthens equity by EUR 10 million
27.09.2013 / 08:38
---------------------------------------------------------------------
Ekosem-Agrar strengthens equity by EUR 10 million
- Capital increased by 5 %
- Fresh funds to expand market leadership
- Russian agricultural market offers attractive opportunities for
expansion
Walldorf, 27 September 2013 - Ekosem-Agrar GmbH, the German holding company
of the Ekoniva Group operating in the Russian dairy market, has
substantially strengthened its equity base through the advent of another
investor. Under an agreement signed today, the new investor will own a 5
percent stake in Ekosem-Agrar GmbH following the official entry in the
companies' registry. This capital increase strengthens the Group's equity
base by EUR 10 million (30 June 2013: EUR 94.7 million), allowing it to
continue its consistent expansion strategy.
'The additional funds strengthen our capitalisation and expand our
opportunities to acquire more dairy operations and farmland,' says Stefan
Dürr, the Group's Managing Director and main shareholder. The Russian
agricultural market continues to offer attractive conditions. While the
Ekosem-Agrar Group is the largest dairy producer in Russia, its market
share is only 1 percent. This highlights the Group's potential for growth
in the Russian dairy market. Attractive opportunities for investment also
result from the prices of farmland which are low by international
comparison, particularly considering the high soil quality.
The first half of 2013 saw a significant strengthening of Ekosem-Agrar's
profitability. The Group reported six-month sales of EUR 74.8 million,
adjusted EBITDA of EUR 23.6 million and net profit for the period
(adjusted) of EUR 3.1 million.
About Ekosem-Agrar
Ekosem-Agrar GmbH Walldorf, Germany is the German holding company in the
Ekoniva Group, the largest Russian agricultural companies. With over 41,000
head of cattle and a targeted milk production of over 120,000 tons in 2013
day, the company is the largest milk producer in the country. The group has
more than 186,000 hectares of land and is also one of the leading producers
of seed in Russia. A third area of business is currently being established
with premium beef. The founder and managing director of the company is
Stefan Duerr. He has been active in Russian agriculture since the 1980s and
has played a decisive role in its modernization over the past two decades.
In 2009, he was awarded the German Federal Cross of Merit for his
contributions to the agricultural policy dialog between Germany and Russia.
The corporate group has about 3,300 employees at six locations in Russia
and achieved a total output of EUR 108.2 million and an EBIT of EUR 17.2 in
fiscal year 2012. For further information visit: www.ekosem-agrar.de
Contact
Irina Schwachhofer
Ekosem-Agrar GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
T: +49 (0) 6227 8890 300
E:irina.schwachhofer(at)ekosem-agrar.de
Press / Investor Relations
Fabian Lorenz
IR.on AG
T: +49 (0) 221 9140 974
E: fabian.lorenz(at)ir-on.com
End of Corporate News
---------------------------------------------------------------------
27.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Ekosem-Agrar GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0)6227 358 59 33
Fax: +49 (0)6227 358 59 18
E-mail: info(at)ekosem-agrar.de
Internet: www.ekosem-agrar.de
ISIN: DE000A1MLSJ1, DE000A1R0RZ5
WKN: A1MLSJ, A1R0RZ
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart (bondm); Frankfurt in Open Market
End of News DGAP News-Service
---------------------------------------------------------------------
232268 27.09.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.09.2013 - 08:38 Uhr
Sprache: Deutsch
News-ID 300799
Anzahl Zeichen: 5664
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 323 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Ekosem-Agrar strengthens equity by EUR 10 million"
steht unter der journalistisch-redaktionellen Verantwortung von
Ekosem-Agrar GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
