Milkiland announced earnings report for the first half of 2014. The group's financial results reflect the influence of some macroeconomic challenges the Ukrainian economy faced since the beginning of the current year. Due to the deep Ukrainian hryvnia devaluation against euro (by c. 46%)
in first half of 2014, the group's EUR-denominated revenue decreased c. 1% year-on-year to EUR 149.8 million, despite better sales in segments. This decrease, as well as the retaining pressure on margins because of the higher raw milk prices also contributed to a decline in the group's EBITDA in first half of 2014 by 15% year-on-year.