{"id":1792,"date":"2017-11-16T17:59:33","date_gmt":"2017-11-16T14:59:33","guid":{"rendered":"https:\/\/mlkfoods.cy\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/"},"modified":"2017-11-16T17:59:33","modified_gmt":"2017-11-16T14:59:33","slug":"milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017","status":"publish","type":"post","link":"https:\/\/mlkfoods.cy\/pl\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/","title":{"rendered":"Milkiland supported the profitability of the business in the 9 months of 2017"},"content":{"rendered":"

Milkiland publishes the results for the nine months of 2017<\/p>\n

In 9 months 2017 Milkiland put an\u00a0additional efforts aimed at preserving of profitability of the business by selling of high value-added dairy, as well as at the entering of new export markets and catching the opportunities of profitable international trade in the global dairy market.<\/p>\n

In particular, growing global demand and prices for butter triggered Milkiland to find the new markets for butter in Israel, by selling this product, which passed the kosher treatment, as well as in\u00a0the\u00a0Netherlands and Denmark. The Group supported the sales of dry milk products in the traditional market of Kazakhstan and opened the new destinations of sales of these products, as well as\u00a0different types of cheese, to several European countries.<\/p>\n

As the result, Milkiland made another significant step to overcome the crisis of 2014-2016.<\/p>\n

The Group managed to stay on track of positive dynamics of the Group\u2019s financials.<\/p>\n

The Group\u2019s EUR-denominated revenue in 9m 2017 declined by 6% y-o-y to EUR 105.7 million, but the\u00a0gross profit of Milkiland rose by 26% to c.\u00a0EUR 21 million, also fueled by the lower costs.<\/p>\n

Better profitability of the business in nine months of the current year in comparison with the same period of 2016, was\u00a0reflected in the growth of EBITDA by 54% to\u00a0c.\u00a0EUR 8.2 million. At the same time, EBITDA margin improved by 3.0 pp. to 7.7%.<\/p>\n

This also led to generation of c. EUR 4.6 million of net profit in nine months of 2017 contrary to the loss of c.\u00a0EUR\u00a024.8 million in the same period of the last year.<\/p>\n

For the full text of the respective Report, please use the following link:\u00a0https:\/\/mlkfoods.tonic-adv.com\/upload\/iblock\/06f\/Interim-Statement-9M%202017-Final-for-publication.pdf<\/a><\/p>\n

About Milkiland<\/b><\/p>\n

Milkiland is a TOP-5 diversified dairy producer in the markets of Russia and Ukraine, offering a wide range of dairy products such as fresh dairy, cheese and butter, to satisfy consumers in their everyday needs for healthy and tasty foods. Since 2012, the Group also operates in EU, namely in Poland.<\/p>\n

In Russia, the Group produces fresh dairy products at Moscow-based LLC \u201cOstankino Milk Combine\u201d and sells under \u201cOstankinskoye\u201d and \u201cLatter\u201d brands. Also, the Group produces and sells cheese in Russia under international \u201cDobryana\u201d brand.<\/p>\n

In Ukraine, the Group operates 10 plants and offers wide range of fresh dairy, cheese and butter under \u201cDobryana\u201d, \u201cLatter\u201d and \u201cBlagodar\u201d brands.<\/p>\n

In Poland, Milkiland controls Ostrowia cheese plant in the city of Ostr\u00f3w Mazowiecka and sells its products locally under \u201cOstrowia\u201d brand and for export.<\/p>\n

Milkiland exports dairy products from Ukraine to over 30\u00a0countries.<\/p>\n

Shares of Milkiland N.V. \u2013 the Dutch holding company of the Group has been listed on the Warsaw Stock Exchange since December 6, 2010.<\/p>\n

For additional information please contact:<\/p>\n

Sergey Trifonov<\/i>
\nInvestor Relations Officer, Milkiland N.V.
\n<\/i>tel. + 380 67 327 9838 mob.
\ne-mail:\u00a0ir@milkiland.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Milkiland publishes the results for the nine months of 2017<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[75,93],"tags":[],"acf":[],"yoast_head":"\nMilkiland supported the profitability of the business in the 9 months of 2017 - Mlkfoods<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mlkfoods.cy\/pl\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Milkiland supported the profitability of the business in the 9 months of 2017 - Mlkfoods\" \/>\n<meta property=\"og:description\" content=\"Milkiland publishes the results for the nine months of 2017\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mlkfoods.cy\/pl\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Mlkfoods\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-16T14:59:33+00:00\" \/>\n<meta name=\"author\" content=\"mlkfoods-user\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mlkfoods-user\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mlkfoods.cy\/pl\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/\",\"url\":\"https:\/\/mlkfoods.cy\/pl\/2017\/11\/16\/milkiland-supported-the-profitability-of-the-business-in-the-9-months-of-2017\/\",\"name\":\"Milkiland supported the profitability of the business in the 9 months of 2017 - 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