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IMC is among Ukraine’s top-10 agricultural companies.

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2017
11.10.2017
IMC has completed the harvesting of oilseeds and the sowing of winter wheat

On September 30, the IMC completed the harvesting of soybean, and on October 8, the harvesting of sunflower was completed. The yield of both crops in the IMC exceeds average yields both in Ukraine as a whole and in certain regions of Ukraine where the company carries out its activity.

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29.08.2017
IMC has announced the payment of the first dividends in the company's history

On 28 August 2017, the Board of Directors of IMC S.A. announced a distribution of the interim dividend to the Company’s shareholders. On 27 September 2017, the IMC will pay the company's first ever dividend to all its investors as of 20 September 2017, at EUR 0.05 per share for an aggregate amount of about EUR 1.66 million.

29.08.2017
IMC on the financial results of the first half of 2017

On 28 August, the IMC issued a financial report for the first half of 2017. The company's revenue for the six months of 2017 increased by 15% compared to the same period of 2016 to $62.6 million, mainly due to increased volumes of sales of grain and oilseeds. IMC's export revenue accounted for 92% of the company's total revenue for the first half of 2017.

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22.08.2017
IMC has successfully refinanced $20 million of loans

As part of IMC's strategy on reduction of the company’s debt and the cost of credit resources, during July-August of this year, IMC has refinanced loans from Alfa-Bank (USD 10 million) and the European Bank for Reconstruction and Development (USD 10.1 million). Due to the refinancing, the financial expenses of the IMC decreased by 850 thousand dollars a year.

It is planned that by the end of 2017 the total debt of the IMC will be about $65 million, which is 22% less than in 2016.

14.08.2017
IMC has completed harvesting of winter wheat

On August 9, the IMC completed harvesting of winter wheat. About 78.1 thousand tonnes of grain were harvested from an area of 13.7 thousand hectares. The gross yield was 5.7 t/ha, which is 19% more than in 2016 and a record for all 11 seasons of winter wheat growing in IMC.

"Despite the difficult weather conditions both during sowing of winter crops in autumn 2016, and during the growing season and at the stage of ripening of grain, production team of IMC has achieved good result on winter wheat due to the intensification of cultivation technology, namely the choice of high productivity grades of foreign selection, improved fertilization system and crop protection system", - commented on the results of winter wheat harvesting Oleksandr Verzhykhovskyi, Chief Operating Officer of the IMC.

25.05.2017
Industrial Milk Company S.A. officially changed its name to IMC S.A.

According to the decision taken at the Extraordinary Meeting of Shareholders held on 26 April 2017, Industrial Milk Company S.A. officially changed its name to IMC S.A.

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19.05.2017
IMC completed the sowing of spring crops

On May 15, the sowing campaign of spring crops was completed at the IMC. This year 67.4 thousand hectares of corn were planted on the fields of the company, 24.7 thousand hectares of sunflower, 11 thousand hectares of soy, 662 hectares of potatoes, and 1 thousand ha of fodder crops.

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26.04.2017
IMC doubled its net profit in 2016

According to the company's financial report for 2016, published on April 25, IMC's Net profit for 2016 was $21.8 million (vs. $10.5 million for 2015).

Revenue of IMC for 2016 amounted to $124.7 million and EBITDA $59.0 million, while both indicators exceeded the IMC's financial forecast for 2016.

The total debt of the company as of December 31, 2016 was $83.6 million (vs. $104.3 as of 31.12.2015).

23.02.2017
IMC: Operating Results in 2016

In 2016 the IMC harvested 717 ths tonnes of grain and oilseeds (+12% compared to 2015)and 21 ths tonnes of potato (+31% compared to 2015). Significant yields growth of almost all crops. Sales in the crop farming segment in 2016 amounted to 691 ths t. 80% of sales in the crop farming segment (about 556 ths. t) was exported.

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2016
21.12.2016
IMC: retirement of bonds of series E

On 20 December 2016 a Subsidiary of Industrial Milk Company S.A. (Burat-Agro LLC) in time and fully retired bonds of series E to the amount of UAH 115 203 400.00 (equivalent to USD 4.36 mln) using own funds of the company.

18.11.2016
IMC on the financial results of 9 months of 2016

IMC’s Revenue for the nine months ended 30 September 2016 amounted to USD 80.3 million, EBITDA amounted to USD 56.3 million, and Net profit amounted to USD 16.7 million.

IMC confirmed its financial outlook for 2016 published on 8 September 2016: Revenue – USD 122 million, EBITDA – USD 55 million, Total debt at the end of 2016 – USD 100 million +/- 3 million.

31.10.2016
Alex Lissitsa, CEO of IMC, is №1 among the most effective top managers of the agrarian sector of Ukraine according to the rating of the magazine Landlord

The rating was formed based on expert judgments. Participants were evaluated by companies specializing in search and evaluation of senior executives: Talent Advisors, Pedersen&Partners, We Partners, investment company Dragon Capital, the bank Credit Agricole, audit company Kreston GCG, agency PR-Service, legal company Alexandrov&Partners, consulting agency AAA and UkrAgroConsult.

Top managers of the largest agrarian and food companies, including transnational corporations operating in Ukraine, took part in this rating.

Experts have evaluated top managers using the 10 point scale by three criteria:

1 .Reputation (the significance and being in demand in the market, the confidence of partners)

2. Transparency (the readiness to communicate with the media, the quality of dispersed information)

3. Business efficiency (the company's performance evaluation, efficiency of innovations, etc.).

Media activity of the participants was also analyzed in this rating (statistics of mentions in the mass media have been provided).

As a result, Alex Lissitsa, CEO of IMC, gained the lead among the 22 finalists of this rating. Congratulations!!!

See rating on the following link:

http://landlord.ua/dirijeri-izmeneniy-reyting-samyih-effektivnyih-top-menedzherov-agrarnoy-otrasli/

26.10.2016
IMC has completed the sowing of winter wheat

This year wheat was sown on the area of 13.7 thousand hectares. About 70% of the area under winter wheat was sown with high-yielding varieties of wheat of foreign selection. The use of high-end Horsch Pronto seeders has ensured the fulfillment of sowing process at high level.

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24.10.2016
IMC has harvested a record soybean crop

On October 21 IMC completed the harvesting of oilseeds (sunflower and soybean). The yield of both crops has exceeded last year's results and targets for 2016.

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17.10.2016
IMC has put into operation two new grain storage silos in Sumy cluster

Following the strategy on modernization of grain storages, in October 2016 IMC has put into operation two new grain storage silos at its grain elevator in Sumy cluster (PJSC "Vyrivske HPP"). The total capacity of two new storage silos is 15 thousand tonnes.

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01.09.2016
IMC has started cooperation with Berezovorudsky Technical School of Poltava State Agrarian Academy

 In September IMC plans to select 10 best students from the departments “Maintenance and repair of agricultural machinery and equipment” and “Production and processing of agricultural products” (expectant machine operators and agronomists) to undergo practical training in Pryluky cluster of IMC. During the school year trainees will participate in all production processes and if succeed in undergoing of internship they will join IMC team or will be added to IMC's staff reserve.

In addition, teachers of Berezovorudsky Technical School will participate in the Teach the teacher program initiated by IMC in 2016.

26.08.2016
IMC on the financial results of the first half of 2016

Revenue for the reporting period amounted to USD 54.4 million. Corn sales contributed 94% to the revenue in the first half of 2016. Exports accounted for 90% of total revenue. IMC's EBITDA for the first half of 2016 amounted to USD 49.6 million, and Net profit amounted to USD 18.8 million. 

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11.08.2016
IMC has completed the winter wheat harvesting

On 9 August IMC completed winter wheat harvesting. Wheat has been harvested from an area of 15.4 thousand hectares with achieved gross yield of 4.8 t/ha. 

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06.07.2016
IMC has obtained a loan in the amount of US $20 million from the EBRD

IMC has attracted a US $20 million loan from the European Bank for Reconstruction and Development (EBRD) to finance working capital needs of the company’s farming operations in Ukraine. 

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15.06.2016
IMC has adopted the Strategy on Occupational Health and Safety and Environmental Protection in 2016-2020

Based on the experience of the world's leading companies, in 2016 IMC has started formation of the Health, Safety and Environment (HSE) management system. HSE department was formed at IMC’s headquarter, designed to assist top-management of IMC in development and implementation of the company's strategy in these areas.

"The philosophy of IMC in Occupational Health and Safety and Environmental Protection is not limited to compliance with legal requirements, but aims at significant improvement of the overall safety culture in the workplace, creating additional mechanisms to ensure the reliability of our business", - said Alex Lissitsa, CEO of IMC.

On June 10, 2016 IMC approved a 5-year strategy of the company on Occupational Health and Safety and Environmental Protection in 2016-2020, which determines the priority directions of development of the company in this area.

"IMC focuses on all aspects of safety in the workplace, including the state of the equipment. However, on the first place we put the change in the attitude of each employee to their own safety and the safety of others. The company will continue to invest financial and human resources to achieve significant improvements in the safety system. The commitment of IMC’s top- management to these issues and competence of managers are our advantages and the key to success ", - said Maxim Pugach, Head of Health, Safety & Environment (HSE) of IMC.

13.06.2016
IMC is among TOP-3 ranking on Corporate Governance

On 3 June 2016 IMC participated in the III International Forum of Corporate Secretaries. The event was organized by the Corporate Governance Professional Association (CGPA) and the International Finance Corporation (IFC), with whom IMC has being actively cooperated recent years.

At the forum IMC was represented by Olga Nikolenko, Chief Legal Advisor of IMC, an individual member of the Corporate Governance Professional Association, and a Certified Corporate Secretary.

At the Forum, the results of research of rating agency IBI rating agency (authorized national rating agency) were presented – “Rating of Corporate Governance in the companies of real sector”. According to the rating IMC was among top three leaders on the quality of Corporate Governance and rated with cgA(pi) 98% compliance, that under the characteristics of the rating’s scale means that IMC has an exemplary level of Corporate Governance.

24.05.2016
IMC has completed the spring sowing campaign

On May 12 IMC completed the spring sowing campaign. The company has sown more than 71 thousand hectares of corn, about 25 thousand hectares of sunflower, 6.4 thousand hectares of soybean and 634 hectares of potato. Also, fodder crops were sown on about 5 thousand hectares.

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20.05.2016
IMC has started advanced repayment of the loan to Prominvestbank

In the past three years IMC has been focusing on the implementation of its strategy to reduce the company's total debt. Only for the first quarter of 2016 IMC has reduced total debt by $8.3 million, and in general for the 2014-2016 years, IMC has demonstrated significant progress in the implementation of this strategy, reducing the company's total debt by $49.5 million.

In addition to this IMC pays special attention to the optimization and reduction of the financial costs. To this end, on May 19, 2016 two enterprises (Burat-Agro, Ltd. and Chernihiv Industrial Milk Company, Ltd.), belonging to the IMC’s group, began advanced repayment of loans to Prominvestbank (total amount of loans is $17.9 million with a maturity of June 30, 2016).

19.05.2016
IMC announces a tender for the provision of audit services for the company

On May 13, 2016 the Board of Directors of Industrial Milk Company (IMC) decided to hold a tender for the provision of audit services for the company.

Cost of the auditor's services and experience with agricultural companies will be the main criteria for the decision making for the winner of the tender.

Ernst & Young, KPMG, Deloitte, PwC, BDO and Baker Tilly are the major candidates whose offers are expected to be considered within the tender.

IMC plans to attract the winner of the tender for the provision of auditing services for the company’s results for the year ending December 31, 2016.

18.05.2016
Kamil Gaworecki will join the Board of Directors of IMC

The well-known fund manager will join the team of IMC. On June 1, Kamil Gaworecki will take a position of Non-executive director of the company. Mr. Gaworecki within his responsibilities will advise the company on investor relations and will lead the Remuneration Committee.  

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13.05.2016
IMC about the results of the first quarter of 2016

"Operational and financial results of IMC in the first quarter of 2016 fully comply with the company's plans and budget. In February 2016, we presented an updated strategy for IMC till 2020 and plans for the current year, and we systematically pursue the declared strategy and plans", - commented the results of the first quarter of 2016 Lissitsa Alex, CEO of IMC.

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15.04.2016
IMC about financial results of 2015 year

IMC has reached its financial forecast for 2015 on Revenue and EBITDA (Revenue at the level of 2014 and EBITDA growth up to 10%). According to the published consolidated financial statements of IMC for 2015 Revenue amounted to $140.4 million (+2% y-o-y), EBITDA amounted to $66.5 million (+16% y-o-y).

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04.04.2016
Spring renewal of agriculture machinery in IMC

In recent years IMC has been actively renewing and expanding own park of agricultural machinery. Application of modern agricultural machinery allows following high technological standards, increasing of yields and reduction of production costs. 

“We don’t buy equipment, we buy technologies to improve the efficiency”, - said Alex Lissitsa, CEO of IMC.

In March 2016 IMC bought six tractors Fendt 936 Vario and six modern self-propelled sprayers John Deere. Total investments amounted about $ 3.5 mln.

According to Vladislav Lavrinenko, Production Director of IMC, all new machinery provides high quality technological operations, allows applying of precision farming technologies and is resource efficient.

New sprayers and tractors will be used in all clusters of IMC.

16.02.2016
IMC: Operating results for the year 2015

The company's sales in the crop farming segment in 2015 increased by 18% to 763 ths. tonnes. More than 82% of sales in the crop farming segment (629 ths. tonnes) were exported (+22% vs. 2014).

In 2015, IMC produced about 638 ths. tonnes of grain and oilseeds. Milk production at IMC’s dairy farms amounted to 19.2 ths. tonnes. Average milk yield in IMC increased by 2% compared to 2014 year to 5.5 tonnes per forage cow.

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2015
16.12.2015
IMC has completed harvesting of corn

On the 14th of December IMC completed harvesting of corn.

The gross yield of corn amounted to 7.3 t/ha and exceeded Ukraine’s average corn yield by 28% (according to the Ministry of Agrarian Policy and Food of Ukraine, the average corn yield in Ukraine as of December 14, 2015 amounted to 5.68 t/ha on the 99% of the harvested area). 

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09.12.2015
IMC: redemption of bonds of series D

On 8 December 2015 a Subsidiary of Industrial Milk Company S.A. (Burat-Agro LLC) prematurely and fully redeemed bonds of series D to the amount of UAH 117 753 000.00 (equivalent to USD 5.02 mln) using own funds of the company.

 

25.11.2015
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds, fourth coupon (bonds of series D and E), on 25 November 2015 in the following amount:

Total Interest Payment : 7 390 600,00 UAH (equivalent 308.1 ths USD)

Interest Rate (%) 13.25

Maturity Date of series D: 21-December-2015

Maturity Date of series E: 19-December-2016

13.11.2015
IMC about the results of 9 months of 2015

Based on results of 9 months of 2015 IMC was able to achieve growth of all key financial indicators compared to the same period in 2014.

Revenue for the first 9 months of 2015 amounted to USD 100.2 mln (+2% yoy), Gross profit – USD 67.6 mln (+11% yoy), EBITDA – USD 56.9 mln (+3% yoy), Operating profit – USD 52.1 mln (+12% yoy), Net profit – USD 20.1 mln (Net loss of USD 14.3 mln for 9 months of 2014).

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30.10.2015
IMC has obtained clearance to export corn to China

A subsidiary of IMC received permission to export corn to China. In addition, four silos owned by the company were certified for storage of corn for export to China.

The ability to enter the China market is not only the geographical diversification of sales, but also the opportunity to get the higher price.

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13.10.2015
IMC has completed sowing of winter wheat

Last week IMC completed sowing of winter wheat. This year winter wheat was sown on the area of 15.5 thousand hectares (+28% comparing to 2014).

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08.10.2015
IMC has completed harvesting of sunflower and soybean

On the 6th of October IMC completed harvesting of oilseeds: sunflower and soybean. Our current results have exceeded last year’s figures as well as planned results for the year 2015. The gross yield of sunflower in 2015 amounted to 2.82 t/ha, soybean – 2.56 t/ha.

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28.08.2015
IMC about results of 6 months 2015
  • Return to the Net profit – USD 27.0 mln
  • Strong Net cash flows from operating activities – USD 20.2 mln
  • Debt reduction by USD 18.7 mln in the first half of 2015 

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26.08.2015
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds, third coupon (bonds of series D and E), on 26 August 2015 in the following amount:

Total Interest Payment : 6 788 600,00 UAH (equivalent 308.1 ths USD)

Interest Rate (%) 13.25

Maturity Date of series D: 21-December-2015

Maturity Date of series E: 19-December-2016

12.08.2015
IMC completed harvesting of winter wheat

On August, 6th IMC completed the harvesting of winter wheat. Wheat was harvested from an area of over 12 thousand hectares. The achieved gross yield is 5.03 t/ha, it’s 30% above than the average yield in Ukraine.

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03.08.2015
IMC has exported more than 600 thousand tonnes of grain and oilseeds in 2014/15 MY

In 2014/15 marketing year, IMC sold more than 705 thousand tonnes of grain and oilseeds. About 85% of this volume (more than 600 thousand tonnes) was exported.

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21.07.2015
In H1 2015 IMC reduced its debt by US$18.7 million

In accordance with the announced plans for the year 2015, during H1 2015 IMC reduced its debt by 15%, from US$127.4 million as of December 31, 2014 to US$108.7 million as of June 30, 2015.

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30.06.2015
IMC launched student internship program “Start with IMC”

In 2015 IMC launched the student internship program “Start with IMC”, aimed at students who study agronomy and agricultural engineering.

This year, 20 agrarian students will be invited to join the internship at IMC’s agricultural enterprises and 3 students will be invited to join the internship at IMC’s grain storage capacities.

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24.06.2015
Change of Kyiv office address of IMC

On June 25-26, we are moving into a new office at the address: 119 Chervonozorianyi Avenue, Kyiv.

In connection with the move, on June 25-26 corporate e-mail of the Kyiv office staff will not work.

Since June 29, we are again in touch by e-mail. New fixed location phone numbers of the Kyiv office of IMC will be announced later.

27.05.2015
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds, 2nd coupon (bonds of series D and E), on 27 May 2015 in the following amount:

Total Interest Payment 6 420 400,00 UAH (equivalent 308.1 ths USD)

Interest Rate (%) 13.25

Maturity Date of series D: 21-December-2015

Maturity Date of series E: 19-December-2016

26.05.2015
IMC has completed the sowing campaign of spring crops

On May, 24 IMC completed the sowing campaign of spring crops. During the spring sowing campaign corn was sown on the area of 74.6 ths. ha (with 55% share in crop mix), sunflower was sown on the area of 24.5 ths. ha (with 18% share in crop mix), soybeans were sown on the area of 6.2 ths. ha (with 5% share in crop mix) and potato was planted on the area of 591 ha (with 0.4% share in crop mix).

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15.05.2015
IMC about results of the 1st quarter of 2015: growth of profit

Increase of Gross profit of IMC by 30% in Q1 2015 compared to the same period of 2014 up to USD 13.9 mln, growth of Operating profit by 38% to USD 7.9 mln and growth of EBITDA by 5% to USD 9.8 mln.

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17.04.2015
IMC: about results of 2014 year

The company achieved its updated financial forecast for 2014, reaching a Revenue growth of 20% compared with 2013 year up to USD 138.3 mln and EBITDA growth of 16% in comparison with 2013 year up to USD 57.4 mln.

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15.04.2015
IMC: start of sowing campaign of spring crops

On April 9, IMC started the sowing campaign of spring crops. During the spring sowing campaign it is planned to sow sunflower, soybean, corn and to plant potato, as well as to sow fodder crops for dairy farming segment of IMC.

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25.02.2015
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds, first coupon (bonds of series D and E), on 25 February 2015 in the following amount:

Total Interest Payment 8 734 600,00 UAH (equivalent 308.1 ths USD)

Interest Rate (%) 13.25

Maturity Date of series D: 21-December-2015

Maturity Date of series E: 19-December-2016

09.02.2015
IMC: 2014 operational results

In 2014, IMC increased production of grain and oilseeds by 27% to 706 ths tonnes, due to increased land bank under processing and growth of the yield of the main crops.

The company's sales in the crop farming segment in 2014 rose by 72% to 648.7 ths tonnes. Primarily, the increase in sales was due to growth in sales of main crop of IMC - corn. In particular, sales of corn rose 2.5 times to 505.6 ths tonnes.

Milk production at IMC’s farms in 2014 amounted to 22.5 ths tonnes, which is 5% lower than in 2013. A slight decrease in milk production was due to the implementation of the project on the optimization of dairy herd and culling the least productive animals (12% of the cow livestock was culled). As a result of optimization, the average milk yield in the IMC increased by 2% compared with 2013 year to 5.4 tonnes per cow.

Milk sales in 2014 declined slightly (-3% vs. 2013) to 21.7 ths tonnes, which was a consequence of the reduction in milk production.

2014
22.12.2014
IMC has become one of the winners from Monsanto

Chernihiv Industrial Milk Company, part of the IMC, has become one of the winners from Monsanto to the highest yield of corn hybrids DEKALB, the seeds of which are grown and produced in Ukraine.

Achieved corn yield is 13 t/ha (with moisture content of 14%).

IMC experts are invited by Monsanto to visit France, where they will be able to visit the factory which produces the parental lines of hybrids DEKALB and laboratory that performs compliance checks of seeds grown in Ukraine to standards of Monsanto.

19.12.2014
IMC: placement of bonds of series D and E and redemption of bonds of series B and C

Following the decision announced in October 2014, a Subsidiary of Industrial Milk Company S.A. (Burat-Agro LLC) placed bonds to the amount of UAH 140 mln (equivalent to USD 9.33 mln) with the following details:

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03.12.2014
IMC has completed harvesting of corn

On November 27 IMC completed harvesting of its main crop - corn.

Corn was harvested from the area of 82.7 ths hectares (60% of the land bank of IMC), with gross yield of 8.1 t/ha, 37% higher than the average yield of corn in Ukraine.

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24.11.2014
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds 4th coupon (bonds of series B and C) on 20 November 2014 in the following amount:

  • Total Interest Payment 7 460 312.25  UAH (equivalent 488.9 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date of series B: 25-December-2014
  • Maturity Date of series C: 24-December-2015
21.11.2014
Setting the World Record of manure spreading on the field of IMC

Brochard Constructeur set the World Record of manure spreading powered by the most powerful New Holland Agriculture T9 tractor on 31st July – 1st August 2014 in Ukraine with the cooperation of LLC «Alfagro».

The event took place in the village of Velykyy Zliyiv, Chernigiv region, Ukraine, where IMC provided the field of 300 hectares.

The Official Adjudicator, Eva Norroy (UK), from Guinness World Records Organization officially stated the record of 4217 tonnes of manure spread, 221.80 hectares, 24 hours.

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Certificate

21.11.2014
IMC has attracted a loan under the program of the International Bank for Reconstruction and Development (IBRD)

IMC has attracted a loan in the amount of USD 10 mln. under the program of the International Bank for Reconstruction and Development (IBRD, a member of the World Bank Group), aimed at exports development.

Attracted loan will be used to refinance the existing debt of IMC. "The loan, received under the program of IBRD, allows IMC to reduce the cost of existing debt and extend the maturity of the debt. Debt reduction and refinancing of the current debt are the priorities for IMC in the current and next year ", - said Alex Lissitsa, CEO of IMC.

14.11.2014
IMC: about results of 9 months of 2014

During the first 9 months of 2014 IMC achieved significant growth in key financial and operating results as compared to the same period of the last year, despite the difficult political and economic conditions in Ukraine in 2014.

Revenue increased by 35% to USD 98.0 mln, EBITDA growth is 7% to USD 55.3 mln. Net cash flow from operating activities amounted to USD 11.5 mln.

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15.10.2014
IMC has made a decision to place bonds to the amount of UAH 140 mln

The Board of Directors of Industrial Milk Company S.A. hereinafter the Company has made a decision to place bonds of a Subsidiary of the Company – Burat-Agro LLC to the amount of UAH 140 mln (equivalent to USD 9.5 mln) with the following details:

- series D - UAH 75 mln, maturity December 2015

- series E - UAH 65 mln, maturity December 2016

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08.10.2014
IMC has completed the sowing of winter wheat in 2014

On October 7 IMC completed sowing of winter wheat.

Winter wheat was sown on the area of 11.9 ths hectares, which is 40% more compared with 2013 year (8.5 ths hectares in 2013).

Sowing of wheat was carried out in the best agro-technical period, following all the necessary technological steps and with application of seeds, fertilizers and crop protection products of high quality. 

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30.09.2014
IMC has completed harvesting of sunflower

On September 29 IMC completed harvesting of sunflower. The sunflower is the second crop in terms of area in crop structure of IMC (14% of the land bank). Sunflower was harvested from the area of 18.7 ths hectares. Achieved yield is 2.57 t/ha, which corresponds to the target values.

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28.08.2014
IMC: about results of 6 month 2014

In the first half of 2014 IMC demonstrated the growth of key financial and operating results in comparison with the same period of the last year.

Revenue increased by 55% to USD 82.4 mln, EBITDA growth is 13% to USD 58.2 mln.

Net profit amounted to USD 0.102 mln (USD 41.1 mln in the same period of 2013). Net cash flow from operating activities amounted to USD 10.6 mln.

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04.08.2014
IMC: A good start to the season of grain

On July 31 IMC completed harvesting of winter wheat. Wheat was harvested from the area of 8.5 thousands hectares. The average yield in gross weight (before cleaning and drying) is 5.2 t/ha.

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24.07.2014
IMC: 55% of winter wheat harvested, yield corresponds to the plan

On July 4th IMC started harvesting of winter wheat. As of July 22, 55% of the area under wheat was harvested. The crop yield on harvested area was 5.09 t/ha, which corresponds to the plan on wheat yields in IMC in 2014.

This year, as in previous years, IMC's yield is above average yield in Ukraine. At the moment, the result of IMC is above than the average for Ukraine by 45%. According to the Ministry of Agrarian Policy and Food of Ukraine, the average yield of winter wheat in Ukraine as of July 22 was 3.49 t/ha.

03.07.2014
IMC has officially opened a new silo in Sumy cluster

On June 23, 2014 IMC officially opened a new silo in Sumy cluster which was built on the territory of one of its existing silos in Sumy cluster (PJSC "Vyrivske HPP").

Storage capacity of new silo is 25 thousand tonnes. The silo is equipped with modern equipment of Canadian, French, Argentine and American manufacturers. Automatic silo control system is based on the equipment of Siemens, Germany. Capacity of grain dryer is 2000 tonnes per day. The silo has all the necessary facilities for receiving and shipping grain by road and rail.

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26.06.2014
IMC paid off bonds of series A and paid 8th coupon on bonds of series A

IMC informs about timely and full retirement of bonds of series A and payment of 8th coupon on bonds of series A on 25 June 2014 in the following amount:

  • total payment: 93 006 762.89 UAH (equivalent to 7 827.6 thousand USD).
11.06.2014
IMC has been awarded for the best communication with the media

IMC won the contest WSE IR Leader in 2013 in the category "media communication" among foreign issuers of the Warsaw Stock Exchange.

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15.05.2014
IMC: about results of the first quarter of 2014

In the first quarter of 2014 IMC demonstrated the growth of key financial and operating results in comparison with the same period of the last year.

Revenue of the company grew by 13% to USD 39.9 mln, EBITDA increased by 84% to USD 9.3 mln.

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13.05.2014
IMC: completion of spring crops’ sowing campaign in 2014

On May, 12 IMC completed sowing of spring crops.

As planned, the spring crops were planted on an area of 124 ths hectares (+18% y-o-y). 

"This year, IMC completed spring crops’ sowing campaign three weeks earlier than in the previous year, and one of the first among large-scale agro-holdings in Ukraine. The campaign was carried out in the best agro-technical terms. Good start of production season gives us a reason to expect good crop yields", - said Alex Lissitsa, CEO of IMC.

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18.04.2014
IMC: about results of year 2013

On 17 April, 2014 Industrial Milk Company S.A. (hereinafter IMC) published 2013 financial results.

In 2013 the Revenue of the company increased by 53% to USD 114.8 mln, EBITDA increased by 55% to USD 49.5 mln, Net profit increased by 38% to USD 25.8 mln.

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14.04.2014
IMC: start of spring crops’ sowing campaign

On April, 6 IMC began the sowing campaign of spring crops. In a current season spring crops will be sown on the area of 124 thousands ha (18% up on the previous year, 105.5 thousand ha under spring crops in 2013).

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26.03.2014
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds 7th coupon (bonds of series A) on 26 March 2014 in the following amount:

  • Total Interest Payment 3 509 015.00 UAH (equivalent 331.8 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date of series A: 24-June-2014
27.02.2014
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds 1st coupon (bonds of series B and C) on 21st of  February 2014 in the following amount:

  • Total Interest Payment 4 359 041.00  UAH (equivalent 488.9 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date of series B: 25-December-2014
  • Maturity Date of series C: 24-December-2015
28.01.2014
IMC: 2013 grain & oilseeds harvest is 85% higher than previous year result

IMC purchased 60% stake in the Ukrainian agricultural company - AgroKIM LLC leasing 16 000 hectares of land and possessing grain and oilseed crops’ storage capacities of 195 000 tonnes. The value of the deal is USD 18 mln.

Taking into account that in August 2013 IMC purchased 40% stake in the above mentioned agricultural company, after acquisition announced in this news, IMC owns and controls 100% of assets of AgroKIM LLC.

Acquisition of agricultural company is in line with IMC’s strategy of land bank expansion and storage capacity growth. Thereby at present the farming land bank of IMC totals 136.7 ths hectares. The storage capacities of IMC total 554 ths tonnes.

17.01.2014
IMC has attracted a $30 million long-term loan from IFC

IMC has attracted a $30 million long-term loan from IFC, a member of the World Bank Group.

The proceeds of the loan will be used for expansion of IMC’s agricultural operations and for increase in working capital for various subsidiaries of the company.

“IMC has been growing steadily over the past two years,” said CEO Alex Lissitsa. “With IFC’s support, our investment program – aimed at expanding our grain operations and storage – will be implemented more quickly. We are also working with IFC to increase the efficiency of our agricultural production by implementing new, innovative technologies in our operations.”

IFC investment also involves warrants to subscribe for shares of IMC for up to $20 million.

2013
26.12.2013
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds  sixth  coupon on 25th of  December 2013 in the following amount:

  • Total Interest Payment 7,130,000.00 UAH (equivalent 892.0 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date 24-June-2014
15.11.2013
About results of 9 month 2013 and the completion of oilseeds harvest campaign

IMC, one of the most dynamically developing agricultural companies in Ukraine, during the nine months of 2013 increased all main financials as compared with the same period of 2012: revenue of the company increased by 33% to 72,5 mln USD, EBITDA increased by 69% to 51,6 mln USD, Net profit increased by 68% to 34,7 mln USD.

Bases of the company financials’ growth are:

  • growth of land bank under cultivation by 46% from 82,7 ths ha in 2012 to 120,7 ths ha in 2013
  • growth of main crops’ yields by 15-40% (y-o-y)
  • growth of milk prices by 32% (y-o-y)

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25.09.2013
IMC announces cooperation with Bayer CropScience and International Finance Corporation (IFC)
  • Pilot project to increase agricultural productivity
  • Bayer CropScience and IFC selected IMC to participate in advisory program
  • IMC up to serve as role model on innovation and sustainability in agribusiness by exploring enormous agrarian potential of Ukraine

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30.08.2013
About results of 6 month 2013 and the implementation of the investment plan

In the first half of 2013 IMC demonstrated the considerable growth of all financial results in comparison with the same period of the last year.

During 6 months of 2013 IMC’s revenues increased by 66% to USD 53.3mln, normalized EBITDA – by 76% to USD 51.6 mln and net profit – by 70% to USD 41.1 mln.

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08.08.2013
IMC completed winter wheat harvesting campaign

On the 29th of July IMC completed its winter wheat harvesting campaign. Winter wheat was harvested on 9,8 ths hectares. The achieved yield - 4,9 t/ha, it’s 9% above the planned yield by the company (4,5 t/ha) and 41% above the Ukrainian average yield (3,47 t/ha).

The share of wheat in the total crop rotation structure of IMC is 8%.

The main crops of IMC – corn and sunflower are in excellent condition. The company also expects to achieve the substantial growth of yields with regard to these crops in comparison with the last year.

15.07.2013
IMC began its winter crops’ harvesting campaign

On the 4th of July IMC started to harvest the winter crops. The harvest of wheat was launched in Poltava cluster and in one week the northern clusters in Chernihiv and Sumy regions (Chernihiv, Sumy and Nosivka) joined the harvesting campaign.

The first yields are higher than the planned results. As of the 12th of July 26% of the wheat planted area was harvested: the average yield is 5 t/ha when the target was 4,5 t/ha.

“The half of this year’s planned harvest of wheat we have already contracted at the prices which are higher than the last year's prices. The first good results of the harvesting campaign once again strengthen our confidence in fulfillment of our financial forecast for 2013, increase of EBITDA and revenues by 70-90%” – Alex Lissitsa, CEO of IMC.

03.06.2013
IMC finished its spring crops’ sowing campaign

Following its previously declared strategy of development for 2013 IMC planted 71% of its land with high profitable crops – corn and sunflower. Corn was planted on 60,8 th. hectares (51% percent up on the previous year), sunflower – on 25,5 th. hectares (41% percent up on the previous year). Also soybeans were planted on 4,5 th. hectares.

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26.03.2013
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds  3rd  coupon on 26th of  March 2013 in the following amount:

  • Total Interest Payment 7,028,000.00 UAH (equivalent 879.3 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date 24-June-2014
2012
26.12.2012
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds  2nd  coupon on 25th of  December  2012 in the following amount:

  • Total Interest Payment 6,980,000.00 UAH (equivalent 873.3 ths USD)
  • Interest Rate (%) 14.0 
  • Maturity Date 24-June-2014
16.11.2012
IMC increased revenues during 9 months of 2012

IMC, one of the most dynamic agrarian companies in Ukraine, during the nine months of 2012 increased revenues by 268% to 54,29 mln USD.

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26.09.2012
IMC: Interest Payment on bonds

IMC informs about timely and full repayment of interest payment on bonds 1st coupon on 25th of September 2012 in the following amount:

  • Total Interest Payment 7,028,000.00 UAH (equivalent 879.3 ths USD)
  • Interest Rate (%) 14.0
  • Maturity Date 24-June-2014
19.09.2012
IMC together with Dragon Capital held the Investors Day

IMC demonstrated the existing business model, assets and technologies in its production cluster in Chernihiv region.

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06.08.2012
Winter grains’ harvesting campaign is completed

The group of companies of IMC S.A. (the Company) reports that the Company has completed its winter wheat and rye harvest.

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28.06.2012
IMC will be in sWIG80 from July 2

Agricultural Group IMC will enter the index sWIG80 after the session on June 29. The extraordinary revision conducted by Warsaw Stock Exchange has decided about the company’s entering to this index.

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05.06.2012
Sowing Campaign is completed

In the beginning of June the group of companies of IMC S.A. (the Company) successfully completed the spring sowing campaign on nearly 83 thousand hectares, up 120% year on year.

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06.05.2012
Goodstart of 2012 for IMC

In the first 3 months of 2012 normalized net profit of Industrial Milk Company went up 160% to 436 ths. USD.

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25.04.2012
IMC considered as a one of the biggest ukrainian agricultural companies

IMC is in process of acquiring two agricultural companies, which lease in total 18,500 hectares land bank.

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21.03.2012
IMC enhances the land bank to 64 ths. ha

The subsidiary of IMC is acquiring of Ukrainian company, which lease 4,5 thousand ha.

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2011
04.11.2011
Preliminary agreement to acquire agricultural enterprises

The Board of Directors of Industrial Milk Company S.A. informs that a Subsidiary of Industrial Milk Company S.A. entered into the preliminary deal to acquire 6 Ukrainian companies which are leasing 9 500 hectares of land in the northeastern part of Ukraine (Bilopilsky district of Sumy region) with 5-10 years lease terms and a grain elevator.

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05.09.2011
Winter wheat harvesting campaign complete

The Board of Directors of Industrial Milk Company S.A. (the Company) is pleased to report that the Company has completed its winter wheat harvest. 7,490 hectares were harvested, representing 18% of the total area to be harvested by the Company in 2011.

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08.06.2011
Spring Sowing Campaign is completed

The Board of Directors of Industrial Milk Company S.A. (the Company) informs that the Company has completed its spring 2011 sowing campaign on more than 37 948 hectares, up 7% year on year.

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06.06.2011
Purchase of agricultural enterprises

The Board of Directors of Industrial Milk Company S.A. informs that  a Subsidiary of Industrial Milk Company S.A. entered into the deal to acquire three Ukrainian companies leasing 7 500 hectares of land in the central and northern parts of Ukraine (with 5 years lease term). 

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04.05.2011
Listing of INDUSTRIAL MILK COMPANY

On 4 May 2011 the WSE Main List saw the arrival of INDUSTRIAL MILK COMPANY SA.

IMC SA is the 16th new entrant on the WSE Main List in 2011 and the 408th issuer on that market. 

IMC SA is also the 30th foreign and 6th Ukrainian company listed on the Warsaw’s main floor.

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