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Milkiland publishes the corrected results for the first half of 2019

10.01.2020
Press Release

Kyiv, January 10, 2020 - Milkiland publishes the corrected results for the first half of 2019

Milkiland released the Interim statement with the correction of the financial results of the Group for the first half of 2019.

The corrections were made in the revenue of the Polish segment of the Group’s business due to omission related to intra-group transactions in the Interim statement published at 31 July 2019.

As the result, in the corrected version of the document the revenue of the Group was decreased by 2% to EUR 64,588 thousand, while all other financials of the Group, including EBITDA, remain unchanged.

For the full text of the respective Report, please use the following link: http://www.milkiland.nl/upload/iblock/022/Board-Report-MLK-H1-2019-final-for-publication-corrigendum.pdf

About Milkiland

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:

Sergey Trifonov
Investor Relations Officer, Milkiland N.V.
tel. + 380 67 327 9838 mob.
e-mail: ir@milkiland.com