Still adjusting to a new business environment: Milkiland publishes the Annual Report for 2018

30.04.2019

Press Release

Kyiv, April 30, 2019 - Milkiland publishes the Annual results for 2018

In 2018 Milkiland's management did a lot to preserve the positive results achieved in 2017 in the most important spheres, such as the development in the new export markets, introduction of new products, as well as further localisation of cheese production in the key market of Russia.

In particular, Milkiland successfully continued supplies of Kosher dairy products to Israel, made new steps towards the expansion in a Chinese dairy market by selling butter and dry milk, strengthened the position in the Central Asia countries markets, namely, in Kazakhstan, Uzbekistan and Kyrgyzstan. The Group successfully continued to build up cheese production in Russia, inter alia, by manufacturing of new high-quality types of this product for the Russian customers.

At the same time, stagnating demand for dairy goods in Russia, unfavourable global market environment for sales of dry milk products, the main export product of the Ukrainian business of Milkiland, led to the slide in the Group's financials in the last year.

The Group's top-line declined in 2018 by 5.6% to c. EUR 133 million, while EBITDA dropped by 79% to c. EUR 2.1 million on y-o-y basis.

For the full text of the respective Report, please use the following link: http://www.milkiland.nl/upload/iblock/db2/Milkiland%20NV%20Annual%20Report%202018-Final-for-publication.pdf

About Milkiland

Milkiland is diversified dairy producer operating in Russia, Ukraine and Poland, offering a wide range of dairy products such as fresh dairy, cheese and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.

In Russia, the Group produces fresh dairy products at Moscow-based LLC 'Ostankino Milk Combine' and sells under 'Ostankinskoye' brand. Also, our cheese under international Dobryana brand is sold in most of Russian regions.

In Ukraine, the Group operates 10 plants and offers wide range of fresh dairy, cheese and butter under Dobryana and Kolyada brands.

In Poland, Milkiland controls Ostrowia cheese plant in the city of Ostrów Mazowiecka and sells its products locally under Ostrowia brand and for export under international Milkiland brand.

Milkiland exports dairy products from Ukraine to over 30 countries.

Shares of Milkiland N.V. - the Dutch holding company of the Group has been listed on the Warsaw Stock Exchange since December 6, 2010.

For additional information please contact:

Sergey Trifonov
Investor Relations Officer, Milkiland N.V.
tel. + 380 67 327 9838 mob.
e-mail: [e-mail]