Edition:
United Kingdom

Kernel Holding SA (KER.WA)

KER.WA on Warsaw Stock Exchange

50.00PLN
3:37pm BST
Change (% chg)

-0.60zł (-1.19%)
Prev Close
50.60zł
Open
50.00zł
Day's High
50.50zł
Day's Low
49.80zł
Volume
40,354
Avg. Vol
27,336
52-wk High
56.60zł
52-wk Low
42.50zł

Latest Key Developments (Source: Significant Developments)

Kernel Holding Q2 Net Profit $89 Mln, Up 32% Y/Y
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Kernel Holding SA ::Q2 2018/2019 NET PROFIT $88.8 MILLION, UP 32 PCT YEAR-ON-YEAR.Q2 REVENUE ROSE TO $1.11 BILLION FROM $536.1 MILLION YEAR AGO, DRIVEN BY THE STRONG GRAIN EXPORT VOLUMES FROM UKRAINE AND AVERE PHYSICAL TRADE OPERATIONS.Q2 EBITDA STOOD AT $129 MILLION, 68 PCT UP Y-O-Y ON THE BACK OF STRONG FARMING AND OILSEED PROCESSING SEGMENTS PERFORMANCE.NET DEBT/EBITDA AT 2.7X AS OF DEC. 31, 2018 VERSUS 2.5X AS OF SEPT. 30, 2018.  Full Article

Kernel Holding Attracts USD 56 Million Financing
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Kernel Holding SA ::ATTRACTED US$ 56 MILLION FINANCING.SAYS FINANCING OF UP TO US$ 56 MILLION WILL CONSIST OF EBRD LOAN OF US$ 48 MILLION AND A US$ 8 MILLION LOAN.SAYS FINANCING WILL BE USED BY COMPANY TO UPGRADE EXISTING OILSEED PROCESSING PLANTS.  Full Article

Kernel Holding Q1 2018/2019 Net Profit Up At $75.5 Mln
Wednesday, 28 Nov 2018 

Nov 29 (Reuters) - KERNEL HOLDING SA ::REPORTS Q1 2018/2019 NET PROFIT OF $75.5 MLN VS $22.8 MLN YEAR AGO.Q1 2018/2019 EBITDA $100.5 MLN VS $46.0 MLN YEAR AGO.Q1 2018/2019 REVENUE $1.14 BLN VS $536.1 MLN YEAR AGO.Q1 2018/2019 OPERATING PROFIT $82.1 MLN VS $24.8 MLN YEAR AGO.SAYS HIGHEST EVER Q1 REVENUE WAS DRIVEN BY "STRONG" GRAIN EXPORT AND TRADING VOLUMES.  Full Article

Kernel Extends USD 200 Mln Pre-Export Credit Facility Until End-Aug. 2021
Friday, 26 Oct 2018 

Oct 29 (Reuters) - KERNEL HOLDING SA ::SAID ON FRIDAY THAT IT HAS ENTERED INTO AN AMENDMENT AND RESTATEMENT AGREEMENT TO ITS USD 200 MILLION PRE-EXPORT CREDIT FACILITY FROM OCT. 16, 2017, WITH A SYNDICATE OF EUROPEAN BANKS.THE TENOR OF FACILITY WAS EXTENDED UNTIL AUG. 31, 2021, AND ADDITIONAL SHORT-TERM TRANCHE OF US$ 90 MILLION MATURING IN AUGUST 2019 WAS ADDED TO FACILITY.PRE-EXPORT CREDIT FACILITY WILL BE USED BY THE COMPANY TO FUND THE WORKING CAPITAL NEEDS OF ITS SUNFLOWER OIL PRODUCTION BUSINESS IN UKRAINE.  Full Article

Kernel Holding Q1 Grain Sales Jumps To 2.7 Mln Tonnes
Monday, 22 Oct 2018 

Oct 22 (Reuters) - KERNEL HOLDING SA ::Q1 2018/2019 BOTTLED SUNFLOWER OIL SALE VOLUMES AMOUNTED TO 31 MILLION LITERS, DOWN 5% Y-O-Y.Q1 2018/2019 GRAIN SALES 2.7 MILLION TONNES VERSUS 0.8 MILLION TONNES YOY.LOWER AVAILABILITY OF LAST YEAR SUNFLOWER SEEDS AT THE END OF THE MARKETING SEASON RESULTED IN 23% Y-O-Y DECLINE IN THE VOLUME OF OILSEEDS PROCESSED IN Q1 FY2019.EXPECTS A REBOUND IN FARMING DIVISION PERFORMANCE IN FY 2019.SAYS SUPPORTIVE WEATHER CONDITIONS AND SMOOTH INTEGRATION OF THE RECENTLY ACQUIRED FARMLAND SHALL TRANSLATE INTO MATERIAL IMPROVEMENT OF CROP YIELDS YOY .SAYS HARVESTED ACREAGE WILL BE LOWER Y-O-Y DUE TO DISPOSAL OF SEVERAL REMOTELY LOCATED FARMS, WHICH WERE SUBOPTIMAL FOR OUR OPERATIONS.  Full Article

Kernel Holding FY 2017/2018 Net Profit Down At $52.1 Million
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Kernel Holding SA ::FY 2017/2018 NET PROFIT $52.1 MILLION VERSUS $176.2 MILLION YEAR AGO.FY 2017/2018 REVENUE $2.4 BILLION VERSUS $2.17 BILLION YEAR AGO.FY 2017/2018 EBITDA $222.5 MILLION VERSUS $319.2 MILLION YEAR AGO.  Full Article

Kernel Q4 2017/2018 Grain Sales Up 64.3 Pct YoY
Monday, 16 Jul 2018 

July 17 (Reuters) - KERNEL HOLDING SA ::REPORTED ON MONDAY THAT GRAIN SALES GREW 64.3 PCT YOY TO 1.6 MLN TONNES IN Q4 2017/2018 .IT SOLD 386,637 TONS OF SUNFLOWER OIL IN BULK DURING Q4, 37.3 PCT MORE THAN YEAR AGO.BOTTLED SUNFLOWER OIL SALES DECLINED TO 32.8 MILLION LITERS IN Q4, DOWN 16.3 PERCENT YEAR ON YEAR.FY REPORT DUE ON OCT. 22.  Full Article

Kernel Holding Q3 EBITDA Down 9.4 Pct YOY
Friday, 25 May 2018 

May 25 (Reuters) - KERNEL HOLDING SA ::Q3 FY2018 REVENUE DECLINED TO USD 541 MILLION, DOWN 12 PCT YEAR-ON-YEAR CAUSED BY LOWER SALES VOLUMES OF SUNFLOWER OIL AND GRAIN .Q3 EBITDA REDUCED BY 9.4 PCT TO USD 73.1 MILLION.NET LOSS FOR Q3 AMOUNTED TO USD 39.1 MILLION VERSUS PROFIT OF USD 32.9 MILLION.IN APRIL REPORTED Q3 GRAIN SALES DOWN 21.8 PCT YOY nL8N1RV1FX.  Full Article

Kernel's Q3 Grain Sales Down 21.8 Pct YoY
Tuesday, 17 Apr 2018 

April 18 (Reuters) - KERNEL HOLDING SA ::REPORTED ON TUESDAY THAT IN Q3 2017/2018 TOTAL GRAIN SALES VOLUMES DECREASED BY 21.8 PCT TO 1.1 MILLION TONNES YEAR ON YEAR.IN Q3 2017/2018 COMPANY WAS NOT EXPORTING GRAIN FROM RUSSIA AS IT ASSIGNED A SIZABLE PORTION OF ITS FY 2018 TRANSSHIPMENT QUOTA TO A THIRD PARTY, SECURING BUDGETED LEVEL OF EARNINGS FROM RUSSIAN OPERATIONS FOR FY 2018 .VOLUMES OF SUNFLOWER OIL SOLD IN BULK IN Q3 DECLINED 14.0 PCT TO 0.3 MILLION TONNES YEAR ON YEAR, THE COMPANY CONTINUED TO ACCUMULATE A STOCK OF SUNFLOWER OIL.SALES OF BOTTLED OIL WERE DOWN 24.4 PCT IN Q3 TO 26 MILLION LITRES DUE TO THE EXPIRATION OF ONE-YEAR EXPORT CONTRACT WITH A CUSTOMER.  Full Article

Kernel Holding Q1 2017/18 Net Profit Down At $22.8 Mln
Monday, 27 Nov 2017 

Nov 27 (Reuters) - KERNEL HOLDING SA ::SAID ON SUNDAY THAT ITS Q1 2017/18 NET PROFIT WAS $22.8 MILLION VERSUS $64.1 MILLION.Q1 2017/18 OPERATING PROFIT WAS $24.8 MILLION VERSUS $58.5 MILLION.Q1 2017/18 REVENUE WAS $536.1 MILLION VERSUS $384.1 MILLION.  Full Article

VTB in talks to buy stake in Russian rail freight firm-sources

MOSCOW, May 15 Russia's second-largest bank VTB is in talks to buy a stake in Rustranscom (RTC), the country's biggest transporter of grain by rail, four industry sources told Reuters.