Brief: Kernel Holding Q2 EBITDA Down At $205 Mln

Kernel Holding SA

04/03/2024 17:32

March 4 (Reuters) - Kernel Holding SA  KER.WA :
    * Q2 EBITDA AT $205 MILLION VERSUS $277 MILLION YEAR AGO
    * Q2 NET PROFIT AT $133 MILLION VERSUS OF $207 MILLION YEAR
AGO
    * Q2 REVENUE AT $1.04 BILLION VERSUS $1.24 BILLION YEAR AGO
    * Q2 GRAIN EXPORT VOLUME FROM UKRAINE SURGED BY 8.4X Q/Q,
REACHING
1,705 THOUSAND TONS
    * APPROACHING FULL CAPACITY UTILIZATION AT ITS CRUSHING
PLANTS,
COMPANY PROCESSED 811 THOUSAND TONS OF SUNFLOWER SEEDS IN Q2, UP
24% YOY
    * OILSEED PROCESSING SEGMENT GENERATED $76 MILLION IN 
EBITDA,
MARKING A 15% GROWTH Y-O-Y
    * DURING OCTOBER-DECEMBER 2023, KERNEL’S ASSETS AND
INFRASTRUCTURE
 REMAINED INTACT, WITH NO CRITICAL DAMAGES RESULTING FROM
MISSILE OR  ARTILLERY STRIKES
    * HOWEVER, TWO OF GROUP’S PLANTS REMAINED  INOPERATIVE DUE
TO
THEIR PROXIMITY TO RUSSIAN BORDER AND CONSTANT  MISSILE AND
ARTILLERY STRIKES, RENDERING SAFE OPERATIONS ON THESE  ASSETS
IMPOSSIBLE
    * Q2 FARMING SEGMENT ACHIEVED $103 MILLION EBITDA

Source text for Eikon:  ID:nEM4mm0M1a 
Further company coverage:  KER.WA 

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