Throughout 2020, the company harvested 24,003 tons from the operation of 7,830 hectares, of which 2,320 hectares farmed organically.
Holde Agri ‘s shares were listed on the Bucharest Stock Exchange’s AeRO market in october 2020.
The company targets a turnover of RON52 million in 2021.
Holde Agri seeks to raise RON20 million from existing and new investors in a share capital hike operation, said CEO Liviu Zagan. The company wants to use the money to further development and new acquisitions to expand the land it operates.
Holde registered consolidated revenues of RON27.3 million from the sale of agricultural products in 2020, plus RON3.5 million in 2021 from selling leftover harvests. It said 3,400 tons out of the total 24,0003 tons were organic crops of sunflower, wheat, corn, and peas.
The company’s capital expenditure amounted to RON7.7 million in 2020 and included an investment in agro-tech startup AgroCity, of which it holds 10%.
Holde invested RON34.7 million in farmland acquisitions last year, expanding its operations to 9,250 ha from 2,800 ha in just a few months.