© Reuters. AgroGeneration: expected a decline in value of production
On the basis of the latest estimates for the harvest 2017, AgroGeneration (PA:ALAGR) shows anticipate the fact that weather, a decrease in the value of production compared to the last year of the order of € 9.4 million.
The results of the producer of grains and oilseeds in Ukraine will be mechanically impacted, however, EBITDA that will remain very largely a beneficiary. The company adds that the crop year 2018 has started in good conditions.
AgroGeneration launched in parallel at the end of autumn a plan for the optimisation of its production costs and its fixed costs, with a savings target of expenditure in the order of € 4.2 million that will have their full effect in 2018.
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