The company ended the first half of 2024 with EUR70.6 million turnover, 18% lower than in H1/2023, as market prices of sold products registered steeper declines.
East Grain now has 122 employees after having recruited 14 people in the first half, with further hiring, but at a slower pace, envisaged for the coming period.
East Group consists of five companies, the largest being East Grain, a trader of cereals, oilseeds, feed raw materials and fertilizers. The other companies are as follows: East Cargolog (logistics activities), East Silodep (storage and services provision for farmers – storage, cleaning, freight packaging), East Grain Hungary (the subsidiary in Hungary engrossed mostly in grain trade) and East Agro Input (co-owned with the company Agroleg Varo specialized in distributing agricultural inputs).
(English version by Catalina Apostoiu)