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2009-01-23 11:00:00 CET 2009-01-23 11:00:01 CET REGULATED INFORMATION Agrowill Group AB - Notification on material eventAdjusted estimates of 2008 results and preliminary estimate of 2009 resultsAgrowill Group AB adjusted estimates for 2008: - Consolidated revenues: LTL 64 million (EUR 18.4 million); - Consolidated EBITDA: LTL 11.5 million (EUR 3 million). The Group will publish preliminary financial results for year 2008 on 27th February. Agrowill Group AB preliminary estimate of 2009 results: - Consolidated revenues: LTL 92 million (EUR 26.5 million); - Consolidated EBITDA: LTL 20 million (EUR 5.7 million). Growth in revenues and profit will be driven by: - Full year consolidation of Grūduva UAB and Polva Agro OU, both of which were acquired in the third quarter of 2008. - Substantial increase in crop and milk yields due to the implementation of the global best practises. - Cost optimization initiatives (in-house feed production, herd and farms restructuring, shift towards the farming of the most profitable crops). Domantas Savičius CFO 8 5 233 5340 |
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