Agricover turnover up over 50% to 151m euros

Agricover, a major agricultural group domestically, saw its turnover rise by 52% last year to 636.6m lei (151m euros), with the advance being supported by the grain unit that accounts almost 60% in the group’s turnover.

“The increase (in grain operations i.e.) came both on the expanding client portfolio and purchase volume, and on the rising prices for agricultural products,” explains Robert Arsene, general manager of Agricover.

For this year, Robert Arsene plans to boost both Agricover’s turnover and its profit by around 20%. Arsene says grain turnover last year advanced by 63%, while the group’s overall income doubled.

Agricover collects grain from farmers through 32 reception bases and silos located in nine counties. The total capacity of warehouses and silos controlled by Agricover stands at 720,000 tonnes.

Agricover group is structured along 11 units, with the one in charge with the distribution of agricultural inputs having contributed 34% to total turnover last year.