Agroholding Astarta, Ukraine’s largest sugar producer, increased its EBITDA by 45.6% to €113.4 million.

The company increased its sugar EBITDA 9-fold, to €80.2 million, by selling one unprofitable sugar mill and by cutting sugar exports by 29%. Sugar prices were higher in Ukraine, where the company has a 20% share of the market. Astarta has five sugar factories, a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, seven elevators, a biogas complex, and a soybean processing plant.