Agriculture BUSINESS
Amid the development of prices on global markets and the depreciation of the rouble, the Agriculture Business’s income hit a record high in 2020. The sales went up by 33% and reached RUB 34.3 billion (+RUB 8.5 billion) despite falling-off in total sales volume (-21%). With the production cost standing at more or less 2019 level, the Business’s profit margin reached 44% with the earnings before interest, taxation, depreciation & amortisation (EBITDA) of RUB 15.2 billion, posting an increase of 157% (+RUB 9.3 billion).
RUSAGRO’S AGRICULTURE BUSINESS RESULTS IN 2020
-1% 637 ths ha
Farming land area -21% 4.3 mn tonnes
Sales volumes of agricultural crops 33% 34.3 RUB bn
Sales 157% 15.2 RUB bn
Adj. EBITDA 21 p.p 44%
Adj. EBITDA margin