Companies

Milkiland (MLK PW)

Business Profile

Milkiland is a diversified dairy producer operating in Ukraine, Russia and Poland. The company operates 10 dairy plants in Ukraine with total raw milk processing capacity of 970 kt p.a., the Ostankino and Syrodel dairy plant in Russia (211 kt p.a.) and Ostrowia in Poland (185 kt p.a.). Milkiland is the fourth largest dairy producer in the CIS in terms of capacity and revenues after Danone-Unimilk, WBD and Vamin.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)384213************
EBITDA ($m)2311************
Net Income ($m)(96)(81)************
Net Debt ($m)111116************

Valuation Summary

Indicator2014201520162017E2018F
P/Eneg.neg.************
P/Sales0.040.07************
EV/EBITDA5.511.9************
P/Book0.130.37************
Prices are quoted in UAH.


*Data available to Dragon Capital's institutional clients only.