74,5000 zł
-4,49% -3,5000 zł
Ovostar Union NV (OVO)

Financial Statements (Unaudited) for the nine months ended 30 September 2019

Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY


Spis załączników:
v.03_Ovostar_Union_FS_9M_2019.pdf  (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 17 / 2019
Date of issue: 2019-11-14
Short name of the issuer
OVOSTAR UNION PCL
Subject
Financial Statements (Unaudited) for the nine months ended 30 September 2019
Official market - legal basis
art. 56. 1. 2 of Act on Public Offering.
Unofficial market - legal basis
Contents of the report:
Ovostar Union Public Company Limited (WSE: OVO) (further referred to as “Company”), a vertically integrated holding company, one of the leading egg and egg products producer in Ukraine, announces its financial results for the nine months ended 30 September 2019.

Revenue, gross profit and gross margin

In 9M 2019 the Group’s revenue decreased by 18% year-on-year to mUSD 77.6 from mUSD 94.7. The gross profit amounted to mUSD 9.2 representing 12% gross margin (9M 2018: mUSD 23.7 and 25% respectively). The export sales contributed mUSD 40 of revenues, showing a 8% fall y-o-y. The share of export sales amounted to 51% of total revenue over the reporting period.

Operating profit, EBITDA and cash flow from the operating activities

During the 9M 2019 operating profit decreased by 79% to mUSD 3.2 from mUSD 15.2. At the same time EBITDA amounted to mUSD 5.9 resulting in the EBITDA margin of 8% (9M 2018: mUSD 17.3 and 18% respectively). Over the reporting period cash flows from the Group’s operating activities equaled to mUSD 13.6 (9M 2018: mUSD 17.6).

Net profit

Over the 9M 2019 the Company’s net profit totaled to mUSD 2.6 which is by 81% lower than the result for the previous year (9M 2018: mUSD 13.8).
Annexes
File Description
v.03 Ovostar Union FS 9M 2019.pdfv.03 Ovostar Union FS 9M 2019.pdf CR 17-2019, FS for 9M 2019, 14 November 2019

OVOSTAR UNION PUBLIC COMPANY LI<ITED
(fullname of the issuer)
OVOSTAR UNION PCL Spożywczy (spo)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
2028 Strovolos
(post code) (city)
Ierotheou. 4th floor 22
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2019-11-14 Anna Tews Head of IR
Źródło: GPW - komunikaty spółek (ESPI)
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