INFOLine specialists working on the survey “Agro-industrial complex of Russia. Results of 2018 and trends of 2019. Development Prospects until 2021 ”was prepared by“ Rating of TOP-10 Russian agricultural holdings ”.
At the end of 2018, ABH Miratorg became the leader in the INFOLine rating with a revenue of 111,6 billion rubles. (excluding VAT). The drop in revenue (-0,5%) in 2018 was due to a significant decrease in the sale of imported meat (-32,7%) from Brazil against the background of a temporary ban. Sales of the company's own products increased by 12,6% in monetary terms.
The second place in the INFOLine rating was taken by the Cherkizovo Group, in addition, out of the TOP-10 agricultural holdings, this company showed the most significant revenue growth - by 13,5% to 102,6 billion rubles. In the first half of 2019, Cherkizovo Group of Companies increased its growth rates - revenue increased by 25% compared to the same period last year to RUB 55,7 billion.
The third place is taken by Rusagro Group of Companies with revenue of 83 billion rubles. (+ 5%). Moreover, in the I pl. 2019 GC showed revenue growth of 124%. According to INFOLine's estimates, by the end of the year, the company may achieve revenues of 120-125 billion rubles. This growth is associated with the consolidation of the assets of Solnechnye Products, further development of the dairy segment, as well as the acquisition of 22,5% of Agro-Belogorye Group of Companies (it is possible that further takeover of the company will continue).
At the end of 2019, the chances are high that the rating will include Steppe Agricultural Holding. In 2018, the volume of consolidated revenue of JSC Agroholding Step increased more than 2,3 times and reached 24 billion rubles. (2017 -10,2 billion rubles.). According to our estimates, Steppe’s revenue in 2019 will continue to grow at a fast pace and will grow by 70-80%.
According to INFOLine, the main factors influencing the dynamics of the agro-industrial complex as a whole and agricultural holdings in particular remain the same: the global market, state support, and the realization of export potential. However, in the domestic market, agricultural holdings are increasingly implementing a vertical integration strategy - “from field to counter”. For example, last August Rusagro Group began working in the dairy segment, Miratorg began production of sausages, Econiva Agroholding plans to process all of its milk on its own in the medium term.
Against the backdrop of stagnation in the domestic market, the continued consolidation of the industry will influence the revenue of companies. INFOLine experts expect an increase in the market for mergers and acquisitions in the medium term.