Kyiv, April 30, 2020 - Milkiland publishes the Annual results for 2019
In the 2019 Milkiland balanced between some important achievements in the new export markets and difficulties triggered by unfavourable developments in the macro-economic situation, as well as in the situation in dairy markets of core countries of the Group’s business.
In particular, Milkiland continued an expansion in the Chinese dairy market by supplying dry milk products, primarily WMP, to this country. The Group also supplied Kosher dairy products to Israel, namely dry milk products and butter, further reinforced its presence in the Central Asia countries dairy markets.
At the same time, growing competition in the core markets of the Group, unfavourable macroeconomic conditions for Ukrainian export business of Milkiland, especially in the second half of 2019, negative financial result of the Polish segment of the business, led to the slide in the Group’s financials in the last year.
The Group’s top-line declined in 2019 by 5.2% to c. EUR 125.8 million, while EBITDA dropped by 72% to c. EUR 0.6 million on y-o-y basis.
For the full text of the Annual report for 2019, please use the following link: http://www.milkiland.nl/upload/iblock/9ce/MLK_Annual_Report_2019-Final-for-publication.pdf
Milkiland also published the current report regarding the publication of the Annual report of the Group for the year 2019 without an independent auditor opinion.
For the full text of the report, please use the following link: http://www.milkiland.nl/upload/iblock/14d/Current-Report-4-Publication-AR2019-without-Audit-Opinion-30Apr2020.pdf
Milkiland is diversified dairy producer operating in Russia, Ukraine and Poland, offering a wide range of dairy products such as fresh dairy, cheese and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.
In Russia, the Group produces fresh dairy products at Moscow-based LLC “Ostankino Milk Combine” and sells under “Ostankinskoye” brand. Also, our cheese under international Dobryana brand is sold in most of Russian regions.
In Ukraine, the Group operates 10 plants and offers wide range of fresh dairy, cheese and butter under Dobryana and Kolyada brands.
In Poland, Milkiland controls Ostrowia cheese plant in the city of Ostrów Mazowiecka and sells its products locally under Ostrowia brand and for export under international Milkiland brand.
Milkiland exports dairy products from Ukraine to over 30 countries.
Shares of Milkiland N.V. – the Dutch holding company of the Group has been listed on the Warsaw Stock Exchange since December 6, 2010.
For additional information please contact:
Investor Relations Officer, Milkiland N.V.
tel. + 380 67 327 9838 mob.