Aug 30, 2024 / 01:00PM GMT
Julia Bereshchenko - Astarta Holding PLC - Director for Sustainable Business Development and Investor Relations
(audio in progress) (technical difficulty) -- in the revenues on the count of two business segments: sugar production and cattle farming. Although the soft commodity prices were going down this year, we still see a quite respectable EBITDA margin and net profit margin.
Looking at our balance sheet, it remains very conservative with net debt-to-EBITDA below 1, and we continue to focus on our operating cash flows, which totaled EUR116 million, and that was also alone our increased investments. In the first half of this year, the key CapEx was spent in agricultural and sugar production business segments.
Agriculture, the results were affected by lower soft commodity prices and adverse weather conditions, which not only affected spring crops, but also continue to play out for our late crops.
We have already reported our yields for winter crops such as wheat and rapeseeds. We are in the process of sowing for the next season. But corn, soybeans, and sugar beets remain work
Half Year 2024 Astarta Holding PLC Earnings Call Transcript
Aug 30, 2024
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