Trans-Oil Group (Aragvi Holding International Ltd.) audited consolidated IFRS financial statements for the year ended 30 June 2019 released

Trans-Oil Group (Aragvi Holding International Ltd.) audited consolidated IFRS financial statements for the year ended 30 June 2019 released

15.10.2019

Trans-Oil Group (Aragvi Holding International Ltd.), the largest agro-industrial holding in Moldova, has released today its audited consolidated IFRS financial statements for the year ended 30 June 2019. The entire document can be accessed at http://transoilcorp.com/images/transoil/reports/r30.06.19.pdf.

2019FY Financial highlights:

The Group’s financial position as of 30 June 2019:

Commenting on 2019FY financial results, the Group CEO Vaja Jhashi said:

“We achieved record-high performance for 2019FY. This contributed to all-time high revenues and EBITDA of USD 552 million and USD 74 million for FY 2019, an increase of over 20% compared to the results in previous financial year. We retain strong EBITDA margin of 13% on the back of our unique strategic asset base in Moldova and our wide international reach throughout Europe and MENA regions. The financial profile of the Group has substantially strengthened with a an debut issue of 5-year USD 300 million Eurobonds and lately with the renewed USD 150 million PXF line, syndicated by a number of DFIs and international financial institutions.

While the Group is performing well and we are also very optimistic about the future, and plan to sell at least 2 million metric tons of grains & oilseeds and crush some 450k metric of sunflower seeds at Floarea Soarelui (Moldova), Trans Oil Refinery (Moldova) and Romanian  crushing plant, which was acquired in 2019.”