INVESTMENT PORTFOLIO – FARME IHAN – KPM
COMPANY NAME: FARME IHAN – KPM d.o.o.
INDUSTRY: Pig breeding and meat processing
ADDRESS: Korenova c. 9, 1241 Kamnik
WEB ADDRESS: www.ihan.si
TELEPHONE: +386 1 831 92 40
E-MAIL: info@ihan.si
Short description + markets
FI KPM Group is the leading Slovenian pig breeding company Slovenia (38% market share of all pigs bred in Slovenia) with two main production locations (Kočevje and Krško). It is fully vertically integrated, from the reproduction to the meat processing.
| Income statement (in € ‚000) | 2018 | 2019 | 2020 |
|---|---|---|---|
| Revenues | 41.651 | 43.301 | 45.472 |
| EBITDA | 1.825 | 3.083 | 3.561 |
| EBIT | 143 | 1.459 | 1.356 |
| Net Income | -176 | 1.141 | 1.162 |
| Balance Sheet | 2018 | 2019 | 2020 |
| Total assets | 25.198 | 26.688 | 28.078 |
| Equity | 4.965 | 6.065 | 8.227 |
| Financial Debt | 9.718 | 9.961 | 9.959 |
| Net Debt/EBITDA | 5,3 | 3,2 | 2,8 |
| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Number of employees (average) | 269 | 293 | 293 |
Strategy Indicators
| 2020 | |
|---|---|
| Growth of total revenue last year compared to the previous year in % | 50% |
| Growth of sales compared to the previous year | 5,7% |
| Sales on EU market (% of totale sales) | n.a. |
| Sales on non EU market (% of totale sales) | n.a. |
| Sales on GB market (% of totale sales) | n.a. |
| The percentage of sales generated by the top 10 customers | n.a. |
| The percentage of the 3 largest customer‘s revenue in total revenue | n.a. |
| Growth of product/service with the largest share in sales | n.a. |
| Growth of product/service with the largest share in revenue | n.a. |
| The percentage of investments in revenue in last year | 2,8% |
Strategy & Plans
The goal of the Farme Ihan – KPM Group is to supply the Slovenian market with quality red meat and meat products of Slovenian origin. In the long run, the company wants to maintain exceptional production results in breeding and create a profitable, successful and safe company, which quality is proven in the loyalty of employees, in overcoming competition and in customer satisfaction.
With greater visibility of its products, quality of products and supplies, the Group wants to create profitable, successful and safe companies in group, which is reflected in the loyalty of employees, in overcoming competition and in customer satisfaction.
Company started investing in the construction of the fourth pig breeding facility in 2021 in Krško with goal to increase production capacity by 10,000 pigs annually. At the beginning of 2021, a new cutter was put into production, and the investment in a piston and a friction line was completed also. In 2021 we also expect the completion of the investment and the launch of a line for chippers, a line for vacuuming fresh meat, a laundry and a new cold store.
All this will allow company to optimize production processes, higher productivity and more efficient production.
Key Facts
The FI KPM Group operated successfully in 2020, the planned EBITDA (EUR 1,935 thousand) was exceeded (EUR 3,561 thousand).
In 2020, 87,997 pigs for cooperation were bred, which is 1.7 percent less than in 2019. Farme Ihan KPM cooperation housed 59,729 pigs.
The average AMA (Austrian stock market price of fattening pigs), which is the basis for determination of the selling price of fattening pigs, due to the impact of the Covid-19 epidemic, decreased to average annual price € 1,632 / kg of warm weight in 2020, which is compared to the AMA 2019 year by 4.3 percent less.
Top 10 shareholder structure (15.10.2021)
| Shareholder name – regular shares | Number od shares | Stake |
|---|---|---|
| DUTB, d.d. | LLC | 100% |