Interim information of AUGA group, AB for the 3-month period ended March 31, 2019
AUGA group, AB (company code 126264360, address: Konstitucijos ave. 21C, Vilnius) provides interim unaudited consolidated financial information for the 3-month period ended March 31, 2019 with confirmation of responsible persons.
During the first three months of 2019, AUGA group, AB and its subsidiaries (hereinafter - the Group) sales revenue amounted to EUR 14.89 million, a 30% increase compared to the same period of 2018, when it was EUR 11.49 million. Revenue increased in all four segments of the Group, crop growing segment contributing the biggest growth.
The Group’s gross profit for the first quarter of 2019 amounted to EUR 2.95 million and was EUR 1.27 million higher compared to the same period of 2018 (gross profit for the first quarter of 2018 - EUR 1.68 million). Gross profit increase comes mostly from crop growing segment.
During the first quarter of 2019 the Group’s EBITDA, eliminating IFRS16 effect, was EUR 3.38 million compared to EUR 1.56 million during the same period last year.
Since the application of new IFRS16 requirements had significant impact to the Group’s EBITDA, for comparison purposes the Group will publish two EBITDA calculations throughout the year of 2019 (a) without elimination of IFRS16 effect and (b) eliminating IFRS16 effect to EBITDA in its financial statements.
During the first three months period of 2019, the Group earned EUR 0.17 million net profit compared to EUR 0.63 million a year earlier.
More detailed analysis is provided in the management report section in interim unaudited consolidated financial statements for the 3 months period ended 31 March, 2019.
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