The company also targets net profit of RON12.5 million, up 164% compared to the level reported in 2023, conform unui comunicat.
Agroland has budgeted additional investments of around RON15 million in 2024, mainly targeting the Mihailesti poultry platform, where the company wants to boost the number of hens in production by over 30%, from 250,000 to around 330,000, so that the monthly egg production should reach about 8 million starting 2025, compared to a monthly average of 5.1 million eggs produced in Q1/2024.
The company plans to open three-four new Agroland MEGA stores in 2024, targeting a turnover of RON45 million generated by the store chain, higher than RON38 million in net sales recorded in 2023.
The subsidiary Agroland Agribusiness, specialized in the sale of agricultural inputs, is expected to see net sales of RON68.4 million in 2024, up 20% on the year, and net profit of RON2.4 million, up 130% versus 2023.
Agroland Group has a market value of nearly RON125 million after its shares have gained 15% since the start of 2024. The share capital is 68.3% held by CEO Horia Cardos.