MIMIER TRADE revenue in 2018 boosted twofold

Commodities trading company MIMIER TRADE SA (Switzerland), presented in Ukraine by Mimier Trade Ukraine, announced another year of strong trading performance and business developments.

By the preliminary financial results, the company's revenue in 2018 reached USD 140 mln having doubled if compared with 2017 revenue — USD 75 mln. Operating profit for 2018 is expected at the level of USD 3.2 mln that makes approximately 2.4% of EBITDA margin.

Such a rise in trading volumes was supported by the increase of share capital of the company and additional financing received.

"In 2018, the registered share capital of MIMIER TRADE SA increased 35 times — from CHF 0.1 mln up to CHF 3.5 mln. Retained earnings of almost USD 4.5 mln increased the company's total equity to USD 8.0 mln," commented Max Kyrychenko, Finance & Business Development Director of MIMIER TRADE SA.

In 2019, MIMIER TRADE SA plans to increase sales of all its main agro commodities groups, particularly, high-oleic sunflower oil, sunflower meal and soybean oil. In addition to the main markets of the company (EU and South-East Asia), it actively develops its sales in Russia and Belarus.

"According to the business plan for 2019-2020, MIMIER TRADE SA will further increase its sales volumes to USD 250 mln. The company is actively developing its connections with trade finance banks and funds. The additional increase of share capital and subordinated loan from shareholder are also planned," commented Yaroslav Gordienko, CEO of Mimier Trade.

Last week MIMIER TRADE SA shipped 4000 MT of high-oleic sunflower oil to its customer in Italy. The loading was executed within 24 hours and delivery is due in a week. Further sales in February-June 2019 are already booked.