46% increased revenues for Holde Agri Invest in 2021

  • February 25, 2022
  • Future Banking
  • 2 min read

Holde Agri Invest, a Romanian company that operates agricultural land, posts consolidated revenues of 59 million lei in 2021, 46% higher than in 2020 and a net profit (according to IFRS), of 7.3 million lei, a 38% increase compared to 2020.

Following the acquisitions made during the year, the company currently operates a total land area of almost 10,000 ha in the three core farms – Roșiori, Frumușani and Videle, out of which 1,900 hectares are organic farming land.

“Despite the fact that agriculture comes with several challenges, Holde’s agricultural business is growing and expanding, which puts additional pressure on everything related to the organization. Nonetheless, 2021 was a year in which we registered profit, and we managed to move forward with all the projects we set out to do. We have expanded the area we are working on, put into operation our first irrigation project, and are extremely close to completing the extension of the Calinesti silo, which will be fully operational for the 2022 campaign. At the same time, we are also proud of other achievements, such as improving agricultural techniques and the necessary equipment on farms, as well as our investments in agri-tech. The Holde team is increasingly motivated and efficient in implementing the objectives we have assumed, and therefore, we anticipate an upcoming intense period with many other development projects. One of them is the transfer of HAI shares on the Main Market. Preparations for this step are currently underway, and we estimate that the transfer will take place this year or in 2023 the latest,” said Liviu Zăgan, CEO of Holde Agri Invest.

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