Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
- Creatore Discussione TRADING_IDEAS
- Data di Inizio
- Stato
apudmontem
Forumer storico
Recensione di BY, l'ho in wl ma non in portafoglio.
Wheely High 11.5% Short Term Yields From Accuride Bonds, Rated B3/B-, Matures Aug. 2018
iguanito
Forumer storico
leggo solo ora (di ritorno dal mare!!). Ho controllato e adesso è tutto a posto
jackbond
Quisque faber fortunae suae
Risultati positivi di Ekosem Agrar
Ekosem-Agrar reports solid revenue and earnings growth for H1 2016
At approx. EUR 48.1 million, sales revenues in euros were up by 11% on the prior year period. In exchange rate adjusted terms, i.e. based on the average RUB exchange rate of the previous year, sales revenues rose by approx. 35%, primarily because of the much higher milk output. Sales revenues of the milk production segment, which account for a good 71% of total revenues, amounted to over EUR 34 million, up by approx. 9% on the previous year in spite of the low milk prices in the world market. In exchange rate adjusted terms, sales revenues from milk production increased by a good 32%. The crop farming segment’s sales revenues amounted to EUR 6.9 million (previous year: EUR 6.5 million), while revenues from other animal products totalled EUR 6.5 million (previous year: EUR 4.5 million).
Total output (revenue plus changes in balances of fall-ploughed land as well as changes in balances of biological assets and agricultural produce and other operating income) stood at EUR 71.5 million (previous year: EUR 65.5 million). Total output and further figures of the prior year period were adjusted with regard to changes in the valuation of bearer plants in accordance with IAS 16 and IAS 41. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 27.8 million (+18 %). Accordingly, the EBITDA margin reached 39% (previous year: 36%). Earnings before interest and taxes (EBIT) totalled EUR 19.4 million (+37%), which is equivalent to an EBIT margin of 27% (previous year: 22%). At EUR 4.9 million, net income for the first six months was up by 22% on the previous year.
Says Stefan Dürr, main shareholder and Managing Director of Ekosem-Agrar GmbH: “Agriculture is currently one of the few growth sectors in Russia. This clearly benefits our company, which is the largest milk producer and an important seed producer of the country. On balance, the expansion of our core business is proceeding according to plan, although milk prices are low. Thanks to the rainy spring, the crop farming segment recorded decent harvests as well as a solid revenue trend in spite of moderate producer prices. The high financing costs remain a major downside, although experts believe that the worst of Russia’s economic crisis seems to be over.”
The Ekoniva Group’s dairy cow herd increased by approx. 12% to 27,800 animals in the first half of 2016, while the average daily milk output was up by over 25% on the prior year period to 600 tons. Total assets rose to EUR 475.4 million as of 30 June 2016 (31 December 2015: EUR 404.7 million) due to seasonal and currency effects as well as to the Group’s growth. Financial liabilities increased to EUR 318.6 million in the course of the year (31 December 2015: EUR 293.9 million), e.g. due to pre-financing in the crop farming segment. Concurrently, equity position rose by EUR 25.3 million to EUR 77.5 million. This represents an improved equity ratio of 16.3% (31 December 2015: 12.9%). After payment of interest, Ekosem-Agrar generated a positive operating cash flow of EUR 5.0 million in the reporting period (previous year: EUR -7.9 million).
Ekosem-Agrar confirms its revenue forecast of EUR 110 million to EUR 120 million and its EBITDA forecast of roughly EUR 50 million for the full year 2016.
The 2016 interim report is available on the company’s website at www.ekosem-agrar.de/en/investor-relations/financial-publications.html.
Ekosem-Agrar reports solid revenue and earnings growth for H1 2016
- Sales revenues in EUR up 11%; total output up 9% on previous year
- Milk output up by over 25% to an average 600 t per day
- Earnings before interest and taxes (EBIT) rise sharply to EUR 19.4 million (+37%)
- Positive operating cash flow of EUR 5.0 million (previous year: EUR -7.9 million)
- Revenue and earnings forecast for 2016 confirmed
At approx. EUR 48.1 million, sales revenues in euros were up by 11% on the prior year period. In exchange rate adjusted terms, i.e. based on the average RUB exchange rate of the previous year, sales revenues rose by approx. 35%, primarily because of the much higher milk output. Sales revenues of the milk production segment, which account for a good 71% of total revenues, amounted to over EUR 34 million, up by approx. 9% on the previous year in spite of the low milk prices in the world market. In exchange rate adjusted terms, sales revenues from milk production increased by a good 32%. The crop farming segment’s sales revenues amounted to EUR 6.9 million (previous year: EUR 6.5 million), while revenues from other animal products totalled EUR 6.5 million (previous year: EUR 4.5 million).
Total output (revenue plus changes in balances of fall-ploughed land as well as changes in balances of biological assets and agricultural produce and other operating income) stood at EUR 71.5 million (previous year: EUR 65.5 million). Total output and further figures of the prior year period were adjusted with regard to changes in the valuation of bearer plants in accordance with IAS 16 and IAS 41. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 27.8 million (+18 %). Accordingly, the EBITDA margin reached 39% (previous year: 36%). Earnings before interest and taxes (EBIT) totalled EUR 19.4 million (+37%), which is equivalent to an EBIT margin of 27% (previous year: 22%). At EUR 4.9 million, net income for the first six months was up by 22% on the previous year.
Says Stefan Dürr, main shareholder and Managing Director of Ekosem-Agrar GmbH: “Agriculture is currently one of the few growth sectors in Russia. This clearly benefits our company, which is the largest milk producer and an important seed producer of the country. On balance, the expansion of our core business is proceeding according to plan, although milk prices are low. Thanks to the rainy spring, the crop farming segment recorded decent harvests as well as a solid revenue trend in spite of moderate producer prices. The high financing costs remain a major downside, although experts believe that the worst of Russia’s economic crisis seems to be over.”
The Ekoniva Group’s dairy cow herd increased by approx. 12% to 27,800 animals in the first half of 2016, while the average daily milk output was up by over 25% on the prior year period to 600 tons. Total assets rose to EUR 475.4 million as of 30 June 2016 (31 December 2015: EUR 404.7 million) due to seasonal and currency effects as well as to the Group’s growth. Financial liabilities increased to EUR 318.6 million in the course of the year (31 December 2015: EUR 293.9 million), e.g. due to pre-financing in the crop farming segment. Concurrently, equity position rose by EUR 25.3 million to EUR 77.5 million. This represents an improved equity ratio of 16.3% (31 December 2015: 12.9%). After payment of interest, Ekosem-Agrar generated a positive operating cash flow of EUR 5.0 million in the reporting period (previous year: EUR -7.9 million).
Ekosem-Agrar confirms its revenue forecast of EUR 110 million to EUR 120 million and its EBITDA forecast of roughly EUR 50 million for the full year 2016.
The 2016 interim report is available on the company’s website at www.ekosem-agrar.de/en/investor-relations/financial-publications.html.
zoro-aster
Forumer storico
grazie per l`informazione. I dati sono soddisfacenti, nel senso che si capisce che la redditività scaturisce da un incremento della produzione del latte (+25%) che non è poco, significa che tecnicamente sanno il fatto loro. Commentano che il prezzo è ancora basso, anche se vero preoccupa poco, i contadini sempre si lamentano.........(io per primo).
Conforta anche l`incremento di "altri redditi" da 4,5 a 6,5 MIL di EU. Se non intendo male potrebbe essere il risultato della vendita dei maschi ingrassati ( circa il 50% delle nascite annuali) che ora incominciano a venire a maturazione in numero sempre maggiore grazie all`aumento del numero delle fattrici in lattazione. Il patrimonio zootecnico ( vacche in produzione) aumenta a 27.800 capi dato rilevante che conferma l`incremento del capitale dell`azienda e della produzione del latte + 25%.
Non mi è chiaro l`aumento delle "financial liabilities" da 293,9 a 318,6 Mil. Eu dovuto a "prefinancing of crop farming". Tanto costa il finanziamento delle semine? Boh?
fabriziof
Forumer storico
Dovuto e.g.cioè exempli gratia :ad esempio .quindi dovuto anche ad altri fattori compreso il crop farming
monica2004
Nuovo forumer
Mi associo anche io alla nostalgia per la Norske.
Sarei molto interessato e grato di sapere che cosa ne pensa anche oggi Qquebec di questa azienda.
- Stato
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