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MarketScreener Homepage  >  Equities  >  Warsaw Stock Exchange  >  IMC S.A.    IMC   LU0607203980

IMC S.A.

(IMC)
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IMC S A : completed harvesting of sunflower and sowing of winter wheat

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10/15/2020 | 03:25am EDT

Kyiv, 15 October 2020

IMC completed harvesting of sunflower and sowing of winter wheat

The end of the first decade of October at IMC coincided with the end of sunflower harvesting and winter wheat sowing.

Sunflower was harvested from an area of 25.8 thousand hectares, more than 90 thousand tonnes were harvested, the average yield was 3.5 t/ha, which is the second best result in the history of the company, and 84% higher than the average sunflower yield in Ukraine (according to the Ministry of Economic Development, Trade and Agriculture of Ukraine, as of 24.09.2020 the yield of sunflower in Ukraine was 1.9 t/ha).

Winter wheat was sown on an area of 21.4 thousand hectares, which corresponds to the area planned for sowing of this crop in line with the approved crop rotation.

"We are satisfied with the results of sunflower harvesting. Despite a number of unfavorable factors (coronavirus and the quarantine restrictions caused by it, colossal moisture deficit during almost the entire growing season, specific temperature regimes in critical phases of crop development), but thanks to the right technology and timely field operations (especially for crop protection and fertilization), we have harvested sunflower with the yield at the level of the best, most favorable years.

As for the autumn sowing for the harvest of 2021, the tested varieties of winter wheat of foreign selection, sowing with highly productive seeders in the optimal time, as well as precipitation that passed over most areas after sowing, give us confidence that our company will continue to be the leader on wheat yield in our regions", - said IMC's Chief Operating Officer Oleksandr Verzhykhovskyi.

About IMC

IMC is one of the TOP-10 agricultural companies in Ukraine, and is listed on the Warsaw Stock Exchange. The company is primarily involved in crop farming, the storage of grain and oilseed crops, and dairy farming. It operates 123,000 hectares of land located in the prime fertile farming regions of Ukraine (Poltava, Chernihiv, Sumy). The company was founded in 2007. In 2019, IMC reported Net profit of USD 7.3 million and EBITDA of USD 39.3 million.

For more information about IMC please visit our web-site: www.imcagro.com.ua

Disclaimer

IMC SA published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2020 07:24:05 UTC


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Financials (USD)
Sales 2019 170 M - -
Net income 2019 7,48 M - -
Net Debt 2019 145 M - -
P/E ratio 2019 14,5x
Yield 2019 15,4%
Capitalization 105 M 105 M -
EV / Sales 2018 1,30x
EV / Sales 2019 1,50x
Nbr of Employees 1 975
Free-Float 25,8%
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Managers
NameTitle
Alex Lissitsa Chief Executive Officer & Executive Director
Oleksandr Leonidovich Petrov Chairman
Oleksandr Verzhykhovskyi Chief Operating Officer & Executive Director
Dmitry Vladimirovich Martyniuk Chief Financial Officer & Executive Director
Olena Vasilyevna Krysenko Executive Director & Commercial Director
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