AB Akola Group Announces Impressive Financial Growth
AB Akola Group Shares Remarkable Financial Highlights
AB Akola Group has successfully concluded its Annual General Meeting, where the consolidated financial statements for the 2024/2025 fiscal year were approved. This achievement reflects the company's strong financial position and commitment to transparency.
Key Financial Performance Indicators
For the 2024/2025 financial year, AB Akola Group reported consolidated revenues exceeding EUR 1.58 billion. This reflects a commendable 4.9% increase compared to the previous year, showcasing the company’s resilience and growth trajectory. The Group's sales volume reached an impressive 3,116 thousand tons, signifying a 3% uplift from the prior year, demonstrating the strong demand for its diverse product range.
Growth Metrics
The gross profit surged to EUR 194 million, representing a remarkable increase of 28.4%. Moreover, the operating profit witnessed an impressive 71.2% growth, reaching EUR 79 million. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a significant increase, totaling EUR 110 million, which marks a 49.9% rise compared to the preceding year. The net profit showcased an astonishing 143.6% growth, culminating at EUR 61 million.
Business Segment Analysis
Examining the performance of various business segments highlights the dynamic nature of AB Akola Group’s operations. The ‘Partners for Farmers’ segment alone generated revenues of EUR 1.15 billion, reflecting a 1.2% increase over the previous financial year. This segment achieved a gross profit of EUR 92 million and an operating profit of EUR 28.9 million.
Food Production Contributions
The ‘Food Production’ segment also showcased strong performance, with total revenue rising by 12.7% to EUR 449.1 million. This segment's gross profit reached EUR 84.9 million, while the operating profit surged to EUR 39.1 million, indicating efficient cost management and strong market demand.
Farming and Other Segments
Within the ‘Farming’ segment, revenue totaled EUR 47.6 million, marking a year-on-year increase of 9.3%. This growth reflects the segment’s strong operational efficiency, gross profits reaching EUR 12.9 million, and operating profits climbing to EUR 11.2 million.
Insights into Other Products and Services
The ‘Other Products and Services’ segment reported revenue of EUR 20.8 million, with a gross profit of EUR 4 million. Although this segment faced some challenges, it remains an integral part of the Group’s diverse product offering.
AB Akola Group's Unique Position
As the largest agricultural and food production conglomerate in the Baltic States, AB Akola Group employs over 5,000 individuals. The Group is strategically positioned within the food production chain, operating from 'field to fork', thus enabling it to produce, process, and market a wide range of agricultural and food products effectively. Its commitment to quality and sustainability underpins its business operations, fostering long-term relationships within the community and industry.
Additional Information
For further inquiries, please contact:
Mažvydas Šileika
Deputy CEO for Finance and Investments at AB Akola Group
E-mail m.sileika@akolagroup.lt
Mobile: +370 619 19 403
Frequently Asked Questions
What are the main financial highlights for AB Akola Group?
AB Akola Group reported consolidated revenues of over EUR 1.58 billion and a net profit of EUR 61 million, reflecting significant growth.
How did the ‘Partners for Farmers’ segment perform?
This segment generated EUR 1.15 billion in revenue, up 1.2%, with a gross profit of EUR 92 million.
What is the focus of AB Akola Group?
The Group focuses on the entire food production chain, providing high-quality agricultural and food products from production to marketing.
Who can I contact for more information?
Mažvydas Šileika, Deputy CEO for Finance and Investments, is the point of contact for inquiries.
How many employees does AB Akola Group have?
The company employs over 5,000 individuals across its various operations in the Baltic States.
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