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Consumer DefensivesSpeculativeMicro CapTurnaround

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

  • Sept 28 - Dekel Agri-Vision H1 revenue rises on higher palm oil volumes

  • Sept 28 - Austrian sugar producer AGRANA lifts FY EBIT forecast after H1 profit surge

  • 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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