DN AGRAR
published the results for the first
9 months of 2024
|
|
Turnover of RON 127 million and
EBITDA of RON 50 million
in the first 9 months of 2024
|
Key indicators for the first 9 months of 2024:
🐄 DN AGRAR has ended the first 9 months of this year with a 9% increase in turnover compared to the same period last year, up to 127 million lei. The growth was driven by the rise in the number of livestock herds, leading to higher milk deliveries by 14% compared to 2023, and by operational efficiencies.
🐄 Operating revenues was RON 193 million, up by 7% compared to the same period last year.
|
Jan Gijsbertus de Boer
Chairman of the Board, CEO, DN AGRAR Group:
"Our approach to managing performance focuses on strategic investments, operational efficiency, and adaptability to market conditions. As such, in the first 9 months of the year, our turnover and EBITDA increased by 9%, respectively by 8%, compared with the similar period in 2023.
|
At the heart of DN AGRAR’s operations is the commitment to sustainable farming practices as evidenced by the progress made in adopting technologies and in key strategic investments, including robot installations, the Straja farm, the compost factory, and the biomethane production project. With a strong foundation, we are confident in our ability to seize new opportunities, pursue acquisitions, and deliver maximum value to our partners."
|
Key elements of the profit and loss account and balance sheet in the first 9 months of 2024:
🐄 Revenues from sold production totaled RON 126 million, up by 9% compared to the same period in 2023.
🐄 Operating expenses amounted to RON 162 million, higher by 10%, driven by the revaluation of fixed assets in DN AGRAR’s farms and the rise in personnel expenses following the expansion of the activity.
🐄 The Net Profit was RON 21 million, a decrease of 6%, influenced mainly by the evolution of the average milk price and the revaluation of fixed assets.
🐄 The Total Assets reached RON 344 million, an advance of 12% compared to the end of 2023. Fixed assets were RON 236 million, an 11% advance, due to the registration as fixed assets of the young dairy cows that entered the milk production process and the acquisition of agricultural equipment. Current assets increased by 12%, following an advance of 22% in inventories.
🐄 Long-term liabilities increased by 9%, reaching RON 188 million compared to the end of 2023.
|
We invite you to find the highlights
of the first 9 months of 2024
from Peter de Boer, Board Member and Strategy & IR Director
|
|
We reiterate the invitation to the teleconference to present
the financial and operational results
for the first 9 months of 2024
|
Thursday, November 28th, 2024,
05:00 PM, ONLINE
|
The event will be held in ENGLISH, with simultaneous translation
into ROMANIAN, via ZOOM.
|
We encourage you to submit your questions before
the teleconference, on the registration link or
at the following email address:
investors@dn-agrar.eu !
|
November 26th, 2024
Publication of Q3 2024 Financial Report
|
November 27th, 2024
Feel The Markets - Interview with Peter de Boer, BoD Member and Strategy & IR Director
|
November 27th, 2024
Quarterly Report by Ziare.com & Tradeville - Speaker Peter de Boer, BoD Member and Strategy & IR Director
|
November 28th, 2024
Teleconference for presenting the Q3 2024 results
|
DN AGRAR has published the key operational indicators on the quantity of milk delivered in the first 10 months from 2024.
|
DN AGRAR announced that the compost factory became operational following an investment of euro 1.8 million.
|
In the article ”Cum creştem industria alimentară românească”, by Ziarul Financiar, Peter de Boer, Board Member & Director Strategy and IR, discussed the need for investments in agriculture, and emphasized the importance of a long-term strategy and fiscal predictability in order to stimulate growth and improve competitiveness.
Read the full article HERE.
|
Peter de Boer, Board Member & Strategy and IR Director, attended at "Investiți în România" live show, hosted by Ziarul Financiar, where he discussed the company's performance and provided an update on DN AGRAR's ongoing projects.
Watch the full interview HERE.
|
Prime Transaction has published a new updated analysis report for DN AGRAR share.
Read the full report HERE.
|
DN AGRAR is the largest integrated zootechnical farm in Romania, with cow milk production and vegetable production. The Group works over 7,000 hectares of owned and leased land and owns over 15,000 cattle, dairy cows and young cattle. The company operates in the center of Transylvania, in Alba, Sibiu and Hunedoara counties.
DN AGRAR was founded in 2008 by Jan Gijsbertus de Boer and has been listed on the Bucharest Stock Exchange, on the AeRO market, since February 2022. The shares were included in the BETAeRO index of the most traded companies in the MULTILATERAL TRADING SYSTEM - SMT, starting September 19th, 2022, and were included in the MSCI Frontier Small Cap and MSCI Romania Small Cap indices on March 1st, 2024.
|
The company's main areas of activity are animal husbandry, vegetable agriculture production, agricultural services, logistics, transport, tourism and business and management consulting services.
|
INVESTOR RELATIONS CONTACT
|
Peter de Boer, BoD Member & Strategy and Investor Relations Director
investors@dn-agrar.eu, +40 258 818114
|
DN AGRAR Group Romania, No. 1, Iuliu Maniu, Alba-Iulia, Alba 510094, Romania
|
|
