Stable Group Revenue and Significant EBITDA Growth
Group's revenue remained stable at around USD 2.3 billion, with a notable 33% increase in adjusted EBITDA to USD 437 million, driven by strong agricultural division performance.
Record Net Profit and EBITDA in Q3 2024
Net profit increased by 75% year-on-year to USD 173 million, and adjusted EBITDA increased by 56% to USD 96 million, attributed to strong results in the agricultural division and Perutnina Ptuj.
Agricultural Segment Success
Segment revenue doubled to USD 276 million, with EBITDA reaching USD 164 million compared to a loss last year, due to higher grain prices and increased harvest valuations.
European Operations Growth
Poultry net sales in European operations grew by 9% year-on-year, and meat processing product sales increased by 4%, driven by strategic focus in Croatia, Bosnia, and Serbia.