Latvia · Delayed Price · Currency is EUR AS Agrova Baltics Earnings Call Transcripts
Fiscal Year 2025
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Record FY2025 results with revenue up 92% and EBITDA up 257% year-over-year, driven by capacity expansion and strong barn egg demand. Major investments and rebranding position the group for further growth, with a €30M CapEx phase planned and a target of 90% cage-free production by 2027.
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Record first-half results with 70% revenue growth and 250% EBITDA growth, driven by expanded capacity, strong export performance, and a shift to cage-free production. 2025 guidance raised, with further growth expected from new investments and FeedTech Squared expansion.
Fiscal Year 2024
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Egg production and revenue declined in 2024 due to strategic capacity cuts, but gross margin reached a record 29%. Major investments in new barns and product lines set the stage for a targeted 60% production and revenue increase in 2025. Expansion in the Baltics and e-commerce, plus a focus on sustainability, underpin growth plans.