Linas Agro Group - Annual information

AB Linas Agro Group notification about the Annual information for the financial year 2021/2022

On 28 October 2022, the Annual General Meeting of Shareholders of AB Linas Agro Group approved Financial Statements, Consolidated Annual Report, and Independent Auditor's Report for the financial year ended 30 June 2022.

During the financial year 2021/2022, the subsidiaries of AB Linas Agro Group (Group) sold 3.7 million tons of production, or 17% more than in the previous year. The consolidated revenue of the Group grew by 101% and was close to EUR 1.9 billion. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) almost tripled to EUR 132 million. Net profit increased by 444% to EUR 77 million.

	2021/2022	2020/2021	Change 2021/2022 compared to 2020/2021
Sales in tons	3,689,585	3,155,329	17%
Sales revenue, TEUR	1,896,026	942,442	101%
Gross profit, TEUR	187,827	51,201	269%
EBITDA, TEUR	134,250	33,401	296%
Operating profit (loss), TEUR	105,880	19,467	432%
Profit before tax, TEUR	93,064	16,797	441%
Net profit (loss), TEUR	79,572	14,189	444%

Performance of business segments:

EUR million	2021/2022		2020/2021
	Revenue	Operating profit	Revenue	Operating profit
Grain, Oilseeds, and Feed	1,183	51.3	680	6.1
Products and Services for Farming	384	45.3	180	8.8
Agricultural Production	39	15.1	33	11.4
Food Products	347	-1.8	72	-2.0
Other Activities	36	-2.0	0	0

Please contact for further information:

Mažvydas Šileika, Finance Director of AB Linas Agro Group

Mob. +370 619 19 403

E-mail m.sileika@linasagro.lt

Attachments:

Sustainability Report of the Company

Attachments

• Annual Report, set of Financial Statements, and Company’s Remuneration Report for FY 2021/2022
• Independent auditor’s report

Attachments:

LAG audit report EN 2022_esefRK.pdf

AB_Linas_Agro_Group_Annual_Reports_FY2021-2022_EN.zip