The revenue of the Agricultural holding Step’ in 2020 increased up to 32.8 billion rubles

Источник: The DairyNews
The revenue of the Agricultural holding Step’ increased by 15.2% to 32.8 billion rubles in 2020, reported in the press service of the company to The DairyNews.
In 2020, the company increased the operational efficiency of land assets, increased margins in the Agrotrading segment, and increased production and efficiency in the Dairy farming segment.

Net profit in 2020 amounted to 3.9 billion rubles.

In the 4th quarter of 2020, OIBDA (operating income before depreciation of fixed assets and intangible assets) amounted to 4.4 billion rubles and showed significant year-on-year growth. Revenue in the 4th quarter of 2020 increased to 10.5 billion rubles, an increase of +12.2% year-on-year. Net profit for the 4th quarter of 2020 reached 2.3 billion rubles.

The land bank of the Agricultural holding STEP’ in 2020 increased to 565 thousand hectares. Agricultural holding STEP’ occupies a leading position in Russia in terms of the growth rate of the area of land assets.

The gross harvest of agricultural crops in 2020 remained at a high level and amounted to 1.3 million tons.

According to Andrey Neduzhko, General Director of the Agricultural holding STEP’, the team managed to significantly improve its financial and operational indicators, as well as increase the scale of its business, despite the difficult weather conditions in 2020 and the coronavirus pandemic.

‘In 2021, we set ambitious goals to increase production and operational performance. For example, the sowing area of winter wheat to be harvested in 2021 became a record and amounted to about 250 thousand hectares, which will allow us to get a winter wheat crop of about 1 million tons. We intend to increase our land bank. At the same time, we set a goal that by the end of 2021, the entire existing land bank will be owned by us or in a long-term lease,’ added Andrey Neduzhko.

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