2015-11-30 22:51:20 CET

2015-11-30 22:51:20 CET


REGULATED INFORMATION

Lithuanian English
Agrowill Group - Interim information

Interim information of Agrowill Group AB for the 9 months period ended 30 September 2015



The total consolidated revenue of Agrowill Group, AB for the nine months of
2015 was EUR 32.04 million. For the nine months of 2014 the total consolidated
revenue of Agrowill Group, AB was EUR 28.09 million. 

Net profit for the nine months of 2015 was EUR 9.91 million. Agrowill Group, AB
had a net profit of EUR 9.18 million over the same period a year ago. 

Net profit for the nine months of 2015 was positively impacted by revaluation
of investment property by EUR 7.39 million, while net profit in 2014 was
impacted by write off negative goodwill of EUR 9.04 million according to IFRS
after merger of Agrowill Group, AB and „Baltic Champs“, UAB at the end of 1st
quarter 2014. 

The Russian embargo on food product imports resulted in a decrease of the
profitability of mushroom and compost sales, but the profitability remained
positive. Milk sales result was impacted by the same embargo and by lower
global milk prices. While the profitability of crop sales increased
significantly, mostly due to a greater harvest. 

Agrowill Group designated its all owned and leased farmland areas, a total of
about 24 000 hectares, for organic farming and follows the rules of organic
farming since mid-June of this year. 




         Vladas Bagavičius
         Member of the Board;
         +370 5 233 53 40