Astarta-Kyiv gross profit 37% down, revenues 45% up YoY in 1H 2022

The agri-industrial holding Astarta-Kyiv (Astarta Holding N.V.) reported a 45% lower YoY EBITDA for 1H22. The company's revenues increased by 45% YoY to EUR 218 mln, with the biggest contribution by the Agricultural segment with a 35% share.

As of the end of 1H22 net debt increased by 8% YoY to EUR 193 mln on growth in working capital (Net Financial Debt was down 30% YoY to EUR 53 mln on higher cash balances as of the end of 1H22.

Gross profit declined by 37% YoY to EUR 77 mln in 1H22 and gross margin by 47pp to 35%.