AVG1L Q1 2010 Update and Comment, Target Price 06/03/10

Contents:
- SHARE PRICE IS OVERESTIMATED;
- Q1 2010 ENDED WITH 2.96 MILLION LTL LOSS;
- VERY POOR FINANCIAL CONDITION;
- WE EXPECT NO GROWTH;
- THE EXPECTATIONS ARE NEGATIVE;
- BBA INVESTMENT RATING
10 pages

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Agrowill Group



Agrowill Group AB, together with its subsidiaries, engages in the agricultural business in the Republic of Lithuania and Estonia. The company produces and sells milk. It also grows and sells grain products, such as wheat, barley, rye, and triticale; rapeseed; and biofuel raw materials. In addition, the company rents land for agriculture. It owns approximately 20,000 hectares of agricultural land. The company was formerly known as Agrovaldymo grupe UAB and changed its name to Agrowill Group AB in December 2007. Agrowill Group AB was founded in 2003 and is headquartered in Vilnius, the Republic of Lithuania.

 

Q2 2009 Financial Results

Q1 2009 Financial Results

Annual Report 2008

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According to Q1 2010 results, the revenues of the Company decreased by 69% compared to Q1 2009. The cost of sales decreased with higher speed and therefore gross profit was reported...
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