Russian daughter company of Ehrmann intends to keep revenue at the level of 2019 in 2020
In addition, it expects an increase in costs due to the fall in the ruble exchange rate and sees risks "on worsening of customers’ solvency, which, in turn, will lead to additional costs for the company".
According to the SPARK-Interfax system, the revenue of LLC Ehrmann in 2019 increased by 12.6%, to 11.96 billion rubles from 10.62 billion rubles in 2018. Gross profit increased to 3.56 billion rubles from 3.35 billion rubles a year earlier, net profit - to 691.863 million rubles compared to 624.216 million rubles, respectively.
The company's materials also report that in 2019, the company paid dividends from the net profit of 2018 twice - 75.263 million rubles and 74.737 million rubles. Remuneration to the main management staff of the company in 2019 amounted to 365,226 million rubles compared to 314,315 million rubles a year earlier.
In 2019, LLC Ehrmann implemented a "significant expansion of production capacity", noted in the materials. The costs for major acquisitions listed in the document amounted to about 700 million rubles. In particular, 307.6 million rubles were spent on the purchase of two automated filling lines, 243.4 million rubles for auxiliary equipment, 32.6 million rubles for transport equipment (electric loaders and electric trucks), and 10.3 million rubles for computer equipment and IT equipment. Construction work to expand production areas cost the company 41.4 million rubles.
Ehrmann has been operating in the Russian dairy market since 1994. In 2000, it introduced its own production in Ramenskoye district of Moscow region.
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