“We expect a table egg shortage in the next two-three years and we thus want to use this opportunity and increase our number of clients and egg quantities delivered on the market. Our Objective is to boost production capacity to over 200,000 laying hens by yearend, which will generate estimated monthly production of five million table eggs,” says Horia Cardos, founder and CEO of Agroland Business System.
He mentions Agroland will invest around EUR800,000 of own funds this year to raise the production capacity, with the company thus becoming a major egg producer in Romania.
In this context, Agroland targets RON12.5 million revenues from the sale of table eggs in 2022, up 30% from 2021.
At a consolidated level, the group aims for RON241.2 million sales, RON20.7 million EBITDA and RON13.1 million net profit in 2022.
In 1Q/2022, Agroland posted RON66.8 million consolidated revenues, up 21% from the year-earlier period, and RON1.6 million net profit, up 31% from 1Q/2021.
Agroland Business System is listed on the AeRO market of the Bucharest Stock Exchange and has an over RON165 million market capitalization.
(English version by Catalina Apostoiu)