Brief: Milkiland FY 2014 EBITDA down 49 pct yoy to 17.1 mln euros

Mlk Foods Public

04/05/2015 10:40

May 4 (Reuters) - Milkiland NV  MLK.WA : 
    * Said on Thursday that it reported FY 2014 revenue of 288.7 
million euros ($321.8 million) versus 341.0 million euros a year 
ago 
    * FY 2014 operating loss of 657,000 euros versus a profit of 
19.2 million euros a year ago 
    * FY 2014 net loss 72.4 million euros versus a profit of 
11.7 million euros a year ago 
    * FY 2014 EBITDA of 17.1 million euros versus 33.4 million 
euros a year ago 
    * Says revenues of exports-oriented Milkiland Ukraine and 
Ostrowia down due to Russian bans on food imports from Ukraine 
and the EU 
    * Says devaluation of the Ukrainian hryvna and Russian 
rouble against Euro undermined the Group's revenue growth in 
euro terms despite several increases of prices for finished 
dairy goods 
    * Revenues of Milkiland Intermarket (markets other than 
Ukraine, Russia and EU) in 2014 up by 67 percent compared to the 
previous year 
    * Says in 2015 will focus on participation in import 
substitution in the markets of Russia and Ukraine, developing an 
effective distribution network in Poland and also catching 
opportunities in the global commodity markets  
    * Says it is going to finish the negotiations with the 
syndicate of international banks and sign the Loan Restructuring 
Agreement  
    * The investment budget for 2015 will be limited just on the 
maintenance level because of the requirements of syndicate and 
will stand on the level of around 2.0 million euros 
 
     
 Source text for Eikon:  ID:nEM3078822  
     
 Further company coverage:  MLK.WA   
    
 
 
 
($1 = 0.8973 euros) 
 
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