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MarketScreener Homepage  >  Equities  >  Euronext Alternext  >  AgroGeneration    ALAGR   FR0010641449

AGROGENERATION

(ALAGR)
  Report
Delayed Quote. Delayed Euronext Alternext - 07/03 10:57:20 am
0.0878 EUR   -2.23%
06/05AGROGENERATION : General Meeting to be held behind closed doors on June 26, 2020
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04/29AGROGENERATION : 2019 annual results
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03/31AGROGENERATION : Sergiy bulavin appointed ceo
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Agrogeneration : SERGIY BULAVIN APPOINTED CEO

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03/31/2020 | 12:05pm EDT

Paris, March 31, 2020

 

AgroGeneration, a Ukraine-based grain and oilseed producer, today announces the appointment of Sergiy Bulavin as Chief Executive Officer to replace resigning CEO John Shmorhun with immediate effect. John Shmorhun remains a member of the Board.

 

Board chairman Michael Bleyzer said: “The Board of Directors thanks John Shmorhun for his work and commitment to AgroGeneration since the merger with Harmelia in 2013 and wishes him the best of luck with his future plans.”

 

The Board of Directors decided to appoint Sergiy Bulavin, currently Senior Vice President of AgroGeneration, as the CEO with effect from March 31, 2020.

 

Sergiy Bulavin began his career in 1995 at SigmaBleyzer, a US-based private equity firm and current majority shareholder of AgroGeneration. He held a number of operational and senior management positions covering several Eastern European countries (Ukraine, Bulgaria, Romania and Kazakhstan) before taking up his current position as Vice President assigned to the Ukraine Agricultural Project. In 2010, he joined Harmelia as First Vice President, and after the 2013 merger with AgroGeneration, became Senior Vice President of AgroGeneration.

 

Sergiy Bulavin holds a PhD in Commerce and Administration and an MBA.

Incoming CEO Sergiy Bulavin commented on his appointment: “I am proud of my appointment as Chief Executive Officer. I know the Group well and I will devote all of my experience and personal commitment to serving AgroGeneration and ensuring that it can meet the multiple challenges that lie ahead, particularly in terms of profitability and efficiency.”

 

Meanwhile, AgroGeneration is informing the market that, despite the current COVID-19 health crisis, all farms in Ukraine remain fully operational. The Group has implemented all required social distancing measures to preserve the health of its employees. So far, the company has not any major issues with logistics and export operations, although there will be challenges going forward. The Company will inform the market of any major developments impacting its business activity and will implement the required measures to safeguard its financial position. As the number of active infections is still increasing in Ukraine, additional measures may become necessary.

 

Next Press-release: Annual results end of April 2020

 

About AGROGENERATION

Founded in 2007, AgroGeneration is a large-scale producer of grain and oilseed. Following its merger with Harmelia, AgroGeneration today is ranked amongst some of the largest agricultural firms in Ukraine. The company's core business is grains and oil commodity crop farming, operating near 60,000 hectares of high quality agricultural lands in the East of Ukraine.

All information on AgroGeneration's website : www.AgroGeneration.com

Receive all AgroGeneration's financial information by e-mail for free by registering at: www.actusnews.com

 

 

 
 
AgroGeneration
+33 (0)1 56 43 68 60
investisseurs@AgroGeneration.com
www.AgroGeneration.com
Actus Finance
Guillaume Le Floch, Investor Relations
+33 (0)1 53 67 36 70
Anne-Pauline Petureaux, Investor Relations
+33 (0)1 53 67 36 72
Alexandra Prisa, Media Relations
+33 (0)1 53 67 36 90
 


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Financials
Sales 2019 30,6 M 34,4 M 34,4 M
Net income 2019 -27,7 M -31,1 M -31,1 M
Net Debt 2019 29,5 M 33,1 M 33,1 M
P/E ratio 2019 -0,46x
Yield 2019 -
Capitalization 19,4 M 21,8 M 21,8 M
EV / Sales 2018 1,68x
EV / Sales 2019 1,38x
Nbr of Employees 570
Free-Float 70,1%
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Managers
NameTitle
Sergiy Bulavin Chief Executive Officer
Michael Bleyzer Chairman
Pierre Danon Vice Chairman
Valery Ivanovich Dema Director
Lev Bleyzer Director
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