Trans-Oil Group (Aragvi Holding International Ltd.) reviewed interim consolidated IFRS financial statements for the six-month period ended 31 December 2019 released

Trans-Oil Group (Aragvi Holding International Ltd.) reviewed interim consolidated IFRS financial statements for the six-month period ended 31 December 2019 released

26.03.2020

Trans-Oil Group (Aragvi Holding International Ltd.), the largest agro-industrial holding in Moldova, has released today its reviewed interim consolidated IFRS financial statements for the six-month period ended 31 December 2019.

H1 FY2020 Financial highlights:

The Group’s financial position as of 31 December 2019:

Commenting on H1 FY2020 financial results, the Group CEO Vaja Jhashi said:

“We achieved record-high performance for H1 FY2020. This contributed to all-time high revenues and EBITDA of USD 464 million and USD 58 million for H1 FY2020, an increase of 64% and 47% compared to the results in previous financial year. We retain strong EBITDA margin of 12.4% on the back of our unique strategic asset base in Moldova and our wide international reach throughout Europe and MENA regions. We maintain strong financial profile efficiently utilizing our financing lines and committing to the continuous deleveraging with adjusted Net Debt / EBITDA decreased to 1.5x.

Our strong H1 FY2020 performance provides a solid ground for exceptional operational results for this year. We expect to originate and sell around 2.5 million metric tons of grains & oilseeds and crushing volumes to exceed 400k metric tons in FY 2020”