MIMIER TRADE SA published its Consolidated Financial Statement 2019 according to International Financial Reporting Standards (IFRS) with independent auditor’s report of KPMG SA.
«Revenue of MIMIER TRADE SA according to audited IFRS Financial Statement report for 2019 reached USD 246.0 mln, Net profit USD 4.3 mln, Total assets – 41.3 mln, Total Equity – USD 12.9 mln. In 2019 MIMIER TRADE SA significantly increased its commodities trading both in petrochemical (+100%) and agricultural products (+60%)», commented Mr. Claude Tarinas Cazenobe, Director & President of the Board of MIMIER TRADE SA.
According to results 2019, main financial ratios of MIMIER TRADE SA’s performance made:⦁ Profitability: Return on Assets - 10,3%, Return on Equity – 33.1%, EBITDA margin – 1.9%.⦁ Efficiency: Gross Profit Margin – 5,0%, Operating Profit Margin – 1,9%, Net Profit Margin 1,7%.⦁ Liquidity: Current Ratio – 2.2, Quick Ratio - 1.7.
«In 2019 MIMIER TRADE SA significantly increased its agriculture sales to EU (43% share in 2019). Availability of Trade Finance lines from Swiss bank gave MIMIER TRADE SA to execute bulk shipment of vegetable oils to EU of MT 6000 – MT 12 000 each vessel», said Iaroslav Gordienko, Director of MIMIER TRADE SA.
In 2019 MIMIER TRADE SA sold commodities to more than 22 countries worldwide. EU, CIS, Middle East and South-East Asia were main sales markets for the MIMIER TRADE SA. The company plans continue to strengthen its position as an international agricultural and petrochemical trading Group with good growth visibility in both domestic and international markets. The management of the company is confident that the strategy will continue to generate sustainable growth enabling to deliver strong operational and financial performances in 2020 and beyond.
MIMIER TRADE SA is an independent commodity trading company, registers in canton of Luzern (Switzerland). Main activities of MIMIER TRADE SA are agricultural and petrochemical commodities trading. The company is a member of FOSFA, GAFTA and EPCA.