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Agrowill Group AB (AVG1L.VL)

AVG1L.VL on Vilnius Stock Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Auga FY 2016 net profit plumbs to 1.1 mln euros
Wednesday, 1 Mar 2017 04:40am EST 

Auga Group AB : Said on Tuesday FY 2016 revenue at 40.05 million euros ($42.20 million) versus 47.43 million a year ago . Said FY 2016 net profit at 1.1 million euros versus 5.6 million euros a year ago .Said FY 2016 EBITDA at 9.2 million euros versus 10.8 a year ago.  Full Article

Baltic Champs Group buys 68.5 million shares of Auga Group
Friday, 23 Dec 2016 10:39am EST 

Auga Group AB : Baltic Champs Group, UAB has acquired shares of Auga Group, AB under the option agreements .Baltic Champs Group directly and indirectly acquired in total 68.5 million shares of Auga, constituting 36.57% of shares and votes.  Full Article

Auga Group 9-month revenue down at EUR 28.1 mln y/y
Thursday, 1 Dec 2016 09:55am EST 

Auga Group AB : Reported on Wednesday that 9-month revenue 28.07 million euros ($29.76 million) versus 32.04 million euros year ago . 9-month EBITDA 6.66 million euros versus 7.8 million euros year ago . 9-month net profit 0.78 million euros versus 9.91 million euros year ago .Net profit changes were mainly impacted by revaluation of own land portfolio and one-off sales of investment assets, which increased net profit for the nine months of 2015 by 8.2 million euros.  Full Article

Agrowill Group AB Q1 net result turns to profit of EUR 0.55 million
Tuesday, 31 May 2016 11:48am EDT 

Agrowill Group AB : Q1 revenue 8.9 million euros ($9.91 million) versus 8.9 million euros year ago .Q1 net profit 0.55 million euros versus loss of 0.56 million euros year ago.  Full Article

Agrowill Group to elect chairman of supervisory and management board
Friday, 20 May 2016 03:06am EDT 

Agrowill Group AB : To elect Vladas Lašas as chairman of supervisory board .To elect Kęstutis Juščius as chairman of management board of company.  Full Article

Agrowill Group AB receives decision of Supervision Service of Bank of Lithuania
Thursday, 18 Feb 2016 09:50am EST 

Agrowill Group AB:Says receives decision of Supervision Service of Bank of Lithuania.Says Supervision Service of Bank of Lithuania to oblige Agrowill Group to publish notice of a material event that it was given warning for violating article 21 of the law on securities.Says Supervision Service of the Bank of Lithuania obliged Agrowill to give a notice that financial statements for 2014 do not comply with requirements of IAS 1 presentation of financial statements.Says it has serious legal doubts about aforementioned decision and intends to analyse it with legal advisers and will consider its statutory right to appeal against it to court​.  Full Article

Agrowill Group AB divests property management from agricultural production business
Thursday, 31 Dec 2015 09:15am EST 

Agrowill Group AB:Says it has transferred shares of the companies which controls land operating subsidiaries to Fixed Yield Invest Fund, investment fund for informed investors controlled by the fund management company Synergy Finance.In total, the companies indirectly manage around 6.4 thousand hectares of land which has a market value of 24 million euros.For the 100 pct of the shares the fund paid by its own-issued investment certificates which on the day of the deal had a market value of 6.6 million euros.The controlling companies have been transferred together with their financial commitments of 15.3 million euros.Transferring subsidiaries to the investment fund allows company to separate the business of agricultural land management and administration from core activities which are farming, mushroom cultivation and cattle breeding.  Full Article

Agrowill Group AB reaches deal on refinancing of its long-term debt portfolio​
Wednesday, 30 Dec 2015 01:03am EST 

Agrowill Group AB:Says ‍reached strategic agreement with DNB and Swedbank on refinancing of company's long-term debt portfolio​.Says ‍syndicated loan of 39 million euros is going to be granted by both banks in equal parts​.Says ‍banks have agreed to refinance whole debt portfolio of 33 million euros, and to additionally lend 6 million euros to company​.  Full Article

Agrowill Group AB restructuring process completed
Wednesday, 30 Sep 2015 10:22am EDT 

Agrowill Group AB:Says restructuring process of Agrowill Group is completed, as Vilnius county's court decision approving end of restructuring came into effect.  Full Article

Agrowill Group AB plans share capital increase
Wednesday, 8 Jul 2015 02:04am EDT 

Agrowill Group AB:Says plans to increase share capital within next year as part of its strategy, possibly, a new share issue will be of around 20 pct stake.Decisions on share capital increase, volume and other specific questions are not taken yet.Agrowill Group would use the newly raised capital to finance introduction and development of sustainable organic farming technologies, processing of agricultural products.  Full Article

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BRIEF-Auga FY 2016 net profit plumbs to 1.1 mln euros

* Said on Tuesday FY 2016 revenue at 40.05 million euros ($42.20 million) versus 47.43 million a year ago

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