1,2000 zł
-4,76% -0,0600 zł
KSG Agro SA (KSG)

The impact of the coronavirus COVID-19 on the Issuer's activities.

Spis treści:

1. RAPORT BIEŻĄCY

2. MESSAGE (ENGLISH VERSION)

3. INFORMACJE O PODMIOCIE

4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

KOMISJA NADZORU FINANSOWEGO
Raport bieżący nr 2 / 2020
Data sporządzenia: 2020-03-16
Skrócona nazwa emitenta
KSG AGRO S.A.
Temat
The impact of the coronavirus COVID-19 on the Issuer's activities.
Podstawa prawna
Treść raportu:
Wpływ epidemii koronawirusa COVID-19 na działalność Emitenta

MESSAGE (ENGLISH VERSION)






The
Board of KSG Agro S.A. headquartered in Luxembourg (the “Issuer”)
reports that it does not currently provide for the significant adverse
effects of the coronavirus COVID-19 epidemic on the Issuer's financial
results in 2020.The
company is resistant to fluctuations in exchange rates, because, at the
moment, settlements in foreign currency do not occupy a significant
share in the total cost structure. During 2019, the Issuer restructured
most of the debt in foreign currency, while freeing up reserves in the
amount of more than $ 10 million. In addition, in order to minimize
external risks, starting in 2014, the Issuer implemented a program to
build a vertically integrated structure, a closed production cycle and
reduce production costs.The
main activity of the Issuer is pork production, and the main market is
the domestic market of Ukraine, where over the past week there has been
an increase in both price and demand for pork (by 12%). In addition,
problems in international trade have led to the blocking of the
competitive products import. All this leads to an increase in the
Issuer's sales and income. Despite
this, the Board of the Issuer provides regular monitoring of the
situation related to the consequences of the spread of the coronavirus
COVID-19 and the impact of the epidemic on the Issuer's activities. The
issuer will provide more detailed information on the impact of COVID-19
on the activities of KSG Agro S.A. and its financial results in the
annual report for 2019. In
addition, given the health and safety of employees, KSG Agro S.A. took a
number of measures to prevent the spread of COVID-19 at the Issuer's
enterprises. Screening for staff temperature and disinfection activities
are being carried out. Also, business trips and relocation of employees
were reduced to the required minimum.


INFORMACJE O PODMIOCIE    >>>

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis
2020-03-16 Andriy Skorokhod CEO KSG AGRO S.A.
Źródło: GPW - komunikaty spółek (ESPI)
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