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AB Akola Group twelve months: the second-best year in the Group‘s history
Globenewswire· 2025-08-20 06:30
Financial Performance - The consolidated revenue of AB Akola Group for the 2024/2025 financial year exceeded EUR 1,580 million, representing a 4.9% increase year-over-year [1][3] - Consolidated EBITDA for the twelve months amounted to EUR 111 million, marking a 51.5% increase year-over-year, while net profit increased by 51.4% to EUR 62.6 million [2][3] - The fourth quarter revenue reached EUR 414 million, an 8.6% increase from EUR 381 million in the previous year, with net profit rising to EUR 31 million from EUR 10 million [3][4] Segment Performance - The 'Food Production' segment generated EUR 449.1 million in revenue, with operating profit increasing by 95.6% to EUR 40 million [5] - The poultry business significantly contributed to the Group's success, with gross profit soaring by 103% to EUR 68.9 million due to favorable market conditions [6][8] - The 'Partners for Farmers' segment generated EUR 1,151.3 million in revenue, with gross profit reaching EUR 92.6 million, showing improvement over the previous year [11] Agricultural Operations - The 'Farming' segment generated EUR 47.6 million in revenue, a 9.3% increase compared to the previous year, with gross profit at EUR 12.9 million [15] - The agricultural companies harvested 3% more than the previous year, driven by strong winter crop yields, despite weaker summer crops due to drought [16] Market Trends - Consumer preference for sustainable protein sources is rising, while alternative protein prices remain elevated [7] - The EU broiler production costs have remained stable or slightly lower, suggesting improved producer margins [8] - There is a growing appreciation for higher quality poultry meat raised without antibiotics in Lithuania and Latvia, although competition is intensifying [9] Other Business Activities - The 'Other Products and Services' segment generated EUR 20.8 million in revenue, with a gross profit of EUR 4.1 million, but recorded an operating loss of EUR 400 thousand [17] - Pet food sales volumes declined by 11%, while veterinary pharmaceutical revenue increased by 19% [18]
AB Akola Group will hold an Investor Webinar to introduce the financial results for the 12 months of financial year 2024/2025
Globenewswire· 2025-08-13 06:34
Group 1 - AB Akola Group is inviting shareholders, investors, analysts, and other stakeholders to an investor webinar for the financial year 2024/2025 results scheduled on August 21, 2025, at 9:00 am (EET) [1] - The webinar will be hosted by Mažvydas Šileika, the Chief Financial Officer and Member of the Board, who will present the financial results and discuss recent developments in the company [2] - Attendees are encouraged to submit questions before the webinar until August 20, 2025, via email [2] Group 2 - Registration for the webinar is required through a provided link, and participants will receive instructions on how to join [2] - The webinar will be recorded and made available online on the Nasdaq Baltic YouTube account for broader access [2]
New AB Akola Group Investor Calendar for 2025/2026
Globenewswire· 2025-08-07 06:00
Group 1 - The AB Akola Group has updated its 2025/2026 Investor Calendar, rescheduling the Investor Webinar from August 22 to August 21, 2025 [1] - Key information disclosure dates for FY 2024/2025 include the interim unaudited report on August 20, 2025, and the Investor Webinar on August 21, 2025 [2] - The schedule also includes interim reports and webinars for FY 2025/2026, with significant dates such as November 19, 2025, for the interim report and November 20, 2025, for the corresponding Investor Webinar [2]
AB Akola Group temporarily postpones construction of biomethane plant in Kaišiadorys
Globenewswire· 2025-07-18 06:00
Core Viewpoint - AB Akola Group has temporarily postponed the construction of a biomethane gas production plant in the Kaišiadorys district, which is part of its long-term development strategy to address rising energy costs, excess biological waste, and climate impact reduction [1][2]. Investment and Financial Aspects - The biomethane power plant project is expected to process up to 140,000 tons of organic waste annually, generate 85 GWh of renewable energy, and reduce CO2 emissions by up to 29,000 tons per year, with an estimated payback period of less than 7.5 years [1]. - The project was planned to receive €19.4 million in investments, with an application for European Union funding submitted for its implementation [5]. Current Operations and Future Plans - Despite the postponement, the company continues to implement sustainable organic waste management solutions, transferring poultry manure to farmers and planning to direct part of this waste to a newly built biogas plant in Lukšiai [4]. - AB Akola Group is currently focusing on constructing a biofuel plant in Lukšiai, which is the first project of this scale for the group, with plans for further investments to enhance sustainability and profitability after its completion [3]. Company Overview - AB Akola Group is the largest agricultural and food production group in the Baltic States, employing over 5,000 people and operating along the entire food production chain [6]. - For the first nine months of the 2024/2025 financial year, the consolidated revenue of the group exceeded EUR 1,165 million, reflecting a 3.59% increase compared to the same period in the previous year [6].
AB Akola Group revises it's normalised annual EBITDA range for financial year 2024/2025
Globenewswire· 2025-06-09 14:00
One of the strategic goals indicated by AB Akola Group is normalised annual EBITDA range of EUR 70-90 million. Following the strong performance of the ongoing period, Group announces adjusted range for the implementation of this indicator in the financial year 2024/2025, changing from EUR 70-90 million to EUR 80-100 million. For more information: CFO of AB Akola Group Mažvydas ŠileikaMob. +370 619 19 403E-mail m.sileika@akolagroup.lt ...
AB Akola Group presentation during the Nasdaq Vilnius Stock Exchange's traditional event, “CEO Meets Investors”
GlobeNewswire News Room· 2025-06-02 13:00
On 22 May 2025, AB Akola Group held a webinar, and the company's CFO, Mažvydas Šileika, presented the financial results for the 9 months of the 2024/2025 financial year. A webinar record can be... Read More ...
Summary of the Investor Conference webinar of the 9-month unaudited results of AB Akola Group for the financial year 2024/2025
Globenewswire· 2025-05-22 09:35
On 22 May 2025, AB Akola Group held a webinar, and the company's CFO, Mažvydas Šileika, presented the financial results for the 9 months of the 2024/2025 financial year. A webinar record can be viewed on Nasdaq's YouTube account at: https://youtu.be/AqqjR9R77PQ Attached: presentation demonstrated at the webinar. For more information: CFO of AB Akola Group Mažvydas ŠileikaMob. +370 619 19 403E-mail m.sileika@akolagroup.lt Attachment 2025.05.22 webinar 2024-2025 9M ...
AB Akola group 9-month results: net profit increases by more than 100%
Globenewswire· 2025-05-21 14:00
Core Insights - The consolidated revenue of AB Akola Group for the first nine months of the 2024/2025 financial year exceeded EUR 1,165 million, a 3.59% increase year-over-year [1] - EBITDA for the same period reached EUR 71 million, marking a significant 34.83% increase compared to the previous year [1] - Net profit more than doubled to EUR 31.8 million, reflecting strong operational performance [1] Revenue and Profitability - The Group sold 2,417 thousand tons of products, a 2.81% increase from the previous year [2] - Gross profit for the nine-month period increased by 17.18% to EUR 130.33 million [3] - Operating profit rose by 46.80% to EUR 47.1 million [3] - The third quarter revenue amounted to EUR 404.2 million, a 3.96% increase from EUR 388.8 million in the same period last year [3] Segment Performance - The "Partnership with Farmers" segment generated revenue of EUR 851.7 million, accounting for 68.1% of total revenue, with a gross profit of EUR 65.4 million [5] - The "Food Production" segment, which represents 28.2% of total revenue, saw a significant increase in performance, with operating profit growing to EUR 24.985 million and gross profit increasing by 42% to EUR 57.5 million [8][9] - The poultry segment's gross profit surged by 92.9% to EUR 44.46 million, driven by favorable market conditions [10] - The "Farming" segment generated EUR 38.8 million in revenue, a 5% increase, with dairy farming performance improving significantly by 163% [13][14] Market Conditions - The agricultural machinery market has faced stagnation due to high loan interest rates and delayed support payments, but expectations of a good harvest are leading to increased activity in sales [7] - The Group's factories produced significantly more porridge and noodle packages, with total product sales volumes increasing by 23% year-on-year [12]
Correction: AB Akola Group investors calendar for the 2025
Globenewswire· 2025-05-09 14:42
Core Points - AB Akola Group has updated its 2025 Investor Calendar, changing the date of the Investor Webinar from August 21, 2025, to August 22, 2025 [1] Schedule Summary - February 19, 2025: Interim unaudited report for 6 months of FY 2024/2025 [1] - February 20, 2025: Investor Conference Webinar to introduce unaudited financial and activity results for 6 months of FY 2024/2025 [1] - May 21, 2025: Interim unaudited report for 9 months of FY 2024/2025 [1] - May 22, 2025: Investor Conference Webinar to introduce unaudited financial and activity results for 9 months of FY 2024/2025 [1] - August 20, 2025: Interim unaudited report for 12 months of FY 2024/2025 [1] - August 22, 2025: Investor Conference Webinar to introduce unaudited financial and activity results for 12 months of FY 2024/2025 [1] - Week 41: Notice on Annual General Meeting of shareholders [1] - Week 44: Resolutions of the Annual General Meeting of shareholders and Annual audited results for FY 2024/2025 [1] - November 19, 2025: Interim unaudited report for 3 months of 2025/2026 financial year [1] - November 20, 2025: Investor Conference Webinar to introduce unaudited financial and activity results for 3 months of FY 2025/2026 [1]
Resolutions of the Extraordinary General Meeting of Shareholders of AB Akola Group
Globenewswire· 2025-04-29 14:51
The Extraordinary General Meeting (hereinafter – the Meeting) of AB Akola Group (hereinafter – the Company) was held on 29 April 2025.The total number of the Company’s shares is 167,170,481, and the number of shares granting voting rights is 166,566,819. The own shares in the amount of 603,662 acquired by the Company do not grant voting rights.In total 32 Company’s shareholders, who owned shares of the Company at the end of the Accounting day of the Meeting (22 April 2025), participated in the Meeting havin ...