OREANDA-NEWS. August 15, 2012. Litagra group which has been in agricultural production, trade and services business for more than 20 years has last year successfully completed the structural and managerial changes that have been started in 2010. The consolidated sales of Litagra group were 174.5 million litas, EBITDA of Litagra Group grew by more than 27% during the first half of 2012. Key success factors can be attributed to effective business management, cost optimization, strong and clear customer strategy in selected businesses.

„We have planned profitable growth in the first half of the year but the results exceeded expectations. These are the first fruits of the business process changes that we have started“- said Gintaras Kateiva the founder and Chairman of the board of Litagra. „We would like to thank our clients who trust us and share their optimism, using our solutions by growing their produce, and often selling it with our help. “

The largest positive change in business was achieved in the plant protection products, seed and fertilizer trading business. In spring loan portfolio was refinanced and as a result the increased funding also provided benefits to Litagra group customers via more flexible and easier payment methods, rates and more favorable prices and wider product range. The company’s grain trading business is not behind any payments to all customers who sell their produce (grain, rapeseed) to Litagra group. Even facing huge market competition Litagra has with strong determination stayed with the strategy to sell only certified high-quality products at a fair price, distancing themselves from the cheapest of dubious quality and origin of products, which could have devastating effects on crops, the environment, animal and human health. This has boosted customer confidence.

For many years the grain processing business is successfully working with the largest bakeries in Lithuania and other Baltic countries due to high production of rye and wheat flour quality. Although there has been a significant decrease in livestock and poultry numbers in the last few years, our Company has the largest independent feed market share in Lithuania. Due to successfully implemented farm management solutions that we proposed and high quality products the farmers working with us are making progress towards achieving better economic results.

Primary agricultural production business this year is also positive and an excellent crop yield is planned. This has been achieved by choosing the correct crop technologies, efficient allocation of internal resources, and under favorable natural conditions.

One of the largest elevator networks in Lithuania managed by Litagra group, which includes elevators in Marijampole, Vilkaviskis, Kedainiai, Taurage, Vidukle, Joniskis and Birzai is fully prepared for the new harvest reception. The first winter barley, wheat and rapeseed batches have been received.

In order to gain an even greater customer confidence before the new grain season a product quality assessment control system was introduced that ensures a fair assessment of purchased products, as well as other innovations innovations were incorporated that will serve the clients even faster and more conveniently.