Feed producer UBM Holding has set a strategy to reach HUF 350 billion in sales by the end of 2025, based on the fact that the focus of livestock farming will gradually shift from Western Europe to Central and Eastern Europe, thus increasing the demand for quality feeds, the company announced at a press conference in Budapest on Thursday.
The group's CEO Péter Horváth said that UBM is the country's largest trader of feed materials, with an annual volume of 1.7 million tons, and a market leader in feed production, with a production volume of 575,000 tons.
UBM is the only agro-industrial company listed on the Budapest Stock Exchange (BSE) in the standard category of the exchange.
The group plans to grow at an annual rate of 9-15% and to generate revenues of EUR 350 billion in a few years. By 2025, the current annual feed production volume of 0.6 million tons would be expanded to 1 million tons, while the current annual feed materials trading volume of 1.7 million tons would be increased to 2 million tons.
The UBM Group operates a total of six feed mills in Hungary, Slovakia and Romania, which together produce 450 different products, amounting to 575,000 tons of compound feed. The group exports to 15 countries, which account for almost half of its turnover. It employs 400 people and has sales offices in Hungary, Romania, Serbia and Austria.
The UBM Group's turnover in the 2021-2022 financial year was close to HUF 200 billion, up 46 percent year-on-year. The group's profit after tax reached HUF 3.2 billion. In the 2022-2023 financial year, revenue is expected to reach HUF 210-240 billion, with growth of 5-20 percent. The company expects EBITDA (earnings before interest, taxes, depreciation and amortization) to rise by 21% from HUF 6.6 billion to over HUF 8 billion in the same period.
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