Ekosem-Agrar AG
Ekosem-Agrar GmbH: Company rating lifted to CCC (stable)
DGAP-News: Ekosem-Agrar GmbH / Key word(s): Rating Ekosem-Agrar: Company rating lifted to CCC (stable)
Management believes that the upgrade by one rating grade fails to reflect the company’s materially enhanced balance sheet following the 4-year refinancing of the two corporate bonds while at the same time insufficiently recognising the improvement in the Russian country risk in light of the more stable political environment and the encouraging economic indicators (oil price, currency). As the group continues its growth strategy on the operational level, its daily milk output reached the 650 ton mark two days ago. On the crop producing side of the business, copious rainfalls in spring in the Chernozem region suggest that this year will see a high-yield harvest. Ekosem-Agrar will publish its preliminary figures for the first quarter of 2016 in early June, followed by the presentation of its audited 2015 consolidated financial statements in the second half of June.
2016-05-24 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Ekosem-Agrar GmbH | |
Johann-Jakob-Astor-Str. 49 | ||
69190 Walldorf | ||
Germany | ||
Phone: | +49 (0)6227 358 59 33 | |
Fax: | +49 (0)6227 358 59 18 | |
E-mail: | info@ekosem-agrar.de | |
Internet: | www.ekosem-agrar.de | |
ISIN: | DE000A1MLSJ1, DE000A1R0RZ5 | |
WKN: | A1MLSJ, A1R0RZ | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart (bondm); Open Market in Frankfurt | |
End of News | DGAP News Service |