Lithuania's AUGA H1 revenue falls on lower milk prices, harvest volume
Lithuania's AUGA H1 revenue falls on lower milk prices, harvest volume
Overview
Lithuania organic food producer's H1 revenue fell yr/yr, mainly on lower milk prices and harvest volume
Company H1 EBITDA and gross profit declined compared to previous year
Company completed Baltic Champs sale, used proceeds to redeem debt and cut liabilities
Outlook
Company says crop segment results depend on final harvest outcome
Result Drivers
LOWER MILK PRICES AND HARVEST VOLUME - Co said H1 revenue decline was mainly due to 19% lower raw milk prices and smaller harvest volume
CROP VALUATION ASSUMPTIONS - Improved crop segment result attributed to more favourable crop valuation assumptions
FMCG SEGMENT - Co said FMCG segment revenue and gross profit grew, helped by lower segment costs
Company press release: ID:nGNEbB4fMb
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 13.84 mln |
|
H1 EBITDA |
| EUR 3.49 mln |
|
H1 Gross Profit |
| EUR 930,000 |
|
Reuters Recommended Reads
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Sept 28 - Rain came too late to rescue EU summer crop yields, MARS says
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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