Its EBITDA grew by 10% on the year to RON17 million in 2021, the company said in a statement.
According to Top Seeds representatives, the increase in the company’s 2021 turnover was due to an increase in sales of grain and of products in the category of inputs.
In 2022, Top Seeds aims to increase sales of high profit margin products, such as the distribution of inputs for agriculture that ensure a net margin superior to grain trading.
The company seeks to list its shares on the AeRO market of the Bucharest Stock Exchange in the first half of 2022. Ahead of listing, the company plans to carry out a private placement of shares via which it aims to raise almost RON10 million from investors, though a share capital raise with a view to expanding its operations countrywide.
Top Seeds has more than 130 employee and a portfolio of more than 2,000 clients with an overall cultivated area of around 800,000 hectares. It also has warehouses in Timisoara, Alexandria, Slobozia, Bacau, Viziru (Braila County) and a warehousing and operations base in Baraganul (Braila County).