Recording of APF Holdings webinar and commentary on company's goal progress
On March 28, 2024, APF Holdings organized a webinar about financial results of 12 months 2023 and latest corporate news.
The information was presented by Jurijs Adamovičs, group founder and Chairman of the Management Board and Mihails Keziks, CFO and Member of the Management Board.
As part of the webinar, the management of APF Holdings reported on the 2023 financial results. We draw your attention to the fact that the 2023 turnover reached 13.3 million EUR, which is 9% less than indicated in the 2023 Initial Public Offering (IPO) Roadshow events, namely 14.7 million EUR, however compared to the 2022 result in the amount of 11.2 million EUR, the increase is by 19%.
The EBITDA indicator in 2023 reached 2.8 million EUR, which is 34% less than indicated in the framework of the 2023 Initial Public Offering (IPO) Roadshow events, namely 4.1 million EUR, however compared to 2022 result of EBITDA indicator in the amount of 2.1 million EUR, the increase is by 31%.
APF Holdings management forecasts a 7% increase in turnover for 2024 compared to the 2023 result, amounting to 14.3 million EUR. However, the turnover target is by 15% less than initially indicated in the Initial Public Offering (IPO) investor events (IPO Roadshow), which was 16.7 million EUR.
The interest rate of the attracted financing in the year 2024 is 10.5% per annum above interbank rate, however part of this financing will be capitalized to improve Group’s Cash Flow during the investment period.
The recording of the webinar is available online: https://www.youtube.com/watch?v=j_NrnlRkPEQ&list=PLeOLX3TaNx_9beN29GiSABM4b-SRJEhJ2 and the presentation, demonstrated during the webinar, is available in the attachment.
APF Holdings (NASDAQ: EGG) is a dynamic group of companies engaged in poultry farming, egg production, and trade, as well as the production of biogas and organic fertilizers related to poultry farming processes. Its portfolio includes SIA Alūksnes putnu ferma (poultry farming and egg production), SIA APF Trading (wholesale trade of chicken eggs), SIA Oluksne (provision of poultry farming and egg production services), SIA APF Energy (production of gas and organic fertilizers), and SIA Preiļu putni (poultry farming and chick rearing). Founded in 2017, APF Holdings has become a leading player in the poultry and egg industry in the Baltic region.
For further information, please contact:
Jana Garanča
Marketing and Digital Projects Manager
APF Holdings
M: +371 26408922
E: jana.garanca@apfholdings.lv
Certified Adviser:
Signet Bank AS
Contact Person: Kristiāna Janvare
T: +371 67 081 128
E: Kristiana.Janvare@signetbank.com
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