A/S Trigon Agri: Harvest Outlook 2008
Copenhagen, 03 July, 2008
Harvest Outlook 2008
On the basis of seeding results over the spring period, A/S Trigon Agri hereby confirms that it is expecting to harvest over 65,000ha of farm-land in the Black Earth region during the 2008 harvest season. The harvested area will be split roughly equally between its Ukrainian and Russian operations.
On fields fully prepared by A/S Trigon Agri itself in Ukraine (i.e. fields which are subject to the targeted ramp-up yields that have remained unchanged since the listing of the company on First North Stockholm and can be found in the company presentation available on the web-site), the harvest results are likely to exceed the first and second ramp-up year yield targets respectively for all crops. On fields where the company assumed control during winter and spring 2007/2008 and where preparatory works had been performed by previous land users, the current outlook is that yields in Ukraine will be close to results which could be expected from a typical first ramp-up year on land prepared by A/S Trigon Agri. In the Russian operations (where no fields were prepared by A/S Trigon Agri for this season), the expected harvest results are likely to come in below the first year ramp-up target set for fields prepared by A/S Trigon Agri itself.
The current harvest outlook is subject to favourable weather conditions for crop-growing and harvest during the rest of the season (unfavourable weather conditions before or during harvesting could still lower the expected results).
For further information please contact:
Mr. Ülo Adamson, Chairman of the Board of Directors of A/S Trigon Agri
Tel: +372 66 79 200
About A/S Trigon Agri
Trigon Agri A/S is a Danish agri-business investment company, investing in cereals and dairy farms in Ukraine, Russia and Estonia. Trigon Agri shares are traded at the First North stock exchange in Stockholm, an alternative market place part of the OMX Nordic Exchange. Trigon Agri is managed under an advisory agreement by AS Trigon Capital, a leading Central and Eastern European investment and corporate advisory firm managing over USD 1 billion in discretionary assets.