Agrofert

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Agrofert, a.s.
FormerlyAgrofert Holding
Company typePrivate
FoundedJanuary 25, 1993 (1993-01-25)[1]
FounderAndrej Babiš[1][2]
HeadquartersPrague,
Czech Republic
Area served
European Union | China
Key people
Revenue
  • Increase CZK 132.5 bil. (2012)
  • CZK 117.6 bil. (2011)
  • CZK 92.1 bil. (2010)
  • Decrease CZK 8.1 bil. (2012)
  • CZK 11.0 bil. (2011)
  • CZK 7.1 bil. (2010)
  • Decrease CZK 6.0 bil. (2012)
  • CZK 8.7 bil. (2011)
  • CZK 6.0 bil. (2010)
Total assets
  • Increase CZK 96.2 bil. (2012)
  • CZK 89.5 bil. (2011)
  • CZK 73.3 bil. (2010)
OwnerAB private trust I (90%)
AB private trust II (10%)
Number of employees
  • Increase 34,399 (2013)
  • 28,008 (2012)
  • 27,491 (2011)
  • 24,224 (2010)
SubsidiariesMafra
Lovochemie
SSW Piesteritz
Websiteagrofert.cz
Footnotes / references
[3]

Agrofert is a Czech conglomerate holding company headquartered in Prague, Czech Republic. It operates agriculture, food, chemical, construction, logistics, forestry, energy and mass media industries in the European Union and China with over 250 subsidiary companies.[4]

Most of them are owned directly by AGROFERT, a.s., the minor part of the portfolio consists of companies in which the maternal company has substantial influence. The companies of AGROFERT, a.s. operate mostly in central Europe: in the Czech Republic, Slovakia, Germany and Hungary. Furthermore, it operates in another 18 countries and 4 continents.[5] In 2012 the consolidated turnover of the company reached 132.5 billion Kč.[6] AGROFERT, a.s. is one of the biggest companies in the Czech Republic. Agricultural companies of the conglomerate manage 386,1 square miles of land in the Czech Republic. (Majority of the land is rented, that means 1,26 % of Czech land or 2,84 % of Czech arable land.) [7] Andrej Babiš has directed the conglomerate until January 2014 and owned it until 2017, he was forced to transfer ownership of company to two trust funds AB private trust I and AB private trust II controlled by his family and lawyers in order to comply with the new conflict of interest legislation passed by the Parliament.[8] In 2017 the conglomerate employed 33 thousand people, 22 thousand of them in CR.[9]

History

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Agrofert was founded by Czech state company Petrimex (where Andrej Babiš worked as salesman), on January 25, 1993, and in its current form on July 1, 2000. The company was founded in 1993 by Petrimex. Andrej Babiš was its CEO until January 2014 when he became Finance Minister of the Czech Republic, and also its sole owner until 2017.

In November 2013, Agrofert bought Londa, which owns Rádio Impuls, Rádio Rock Zone 105.9 and Český Impuls.[10][11]

Speculations in January 2014 also indicated that the holding company was considering buying Prima or Nova television.[12]

In June 2022, it was announced that Borealis is to sell its fertilizers division to Agrofert for €810m.[13]

Financials

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Year Earnings after Taxes
in bn Kč 		Operating subsidies
in bn Kč 		Investment subsidies
in bn Kč 		Total subsidies
in bn Kč 		Corporate income tax
in bn Kč
2019[14] 4.5 1.62 0.35 1.97 1.5
2018[15] 1.665[16] 1.52 0.276[17] 1.8
2017[18] 4.8 1.351 0.607 2.1 0.739
2016[19] 7.78 1.1 0.4 1.533 1.505
2015[20] 8.614 1.8 2.25

References

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  1. ^ a b Commercial register, ID 48117072, AGROFERT, spol. s r.o.
  2. ^ Legenda o svatém Andrejovi. Reflex odhaluje zapomenuté informace o Babišově zbohatnutí
  3. ^ Consolidated Annual Report AGROFERT, a.s. 2013
  4. ^ CN invest, a., s. "AGROFERT, a.s." Rejstřík firem E15.cz. rejstriky.e15.cz. Retrieved 2016-12-29.
  5. ^ "AGROFERT, a.s." AGROFERT, a.s. Retrieved 2016-05-05.
  6. ^ "Czech top 100 profiting companies in 2012". Archived from the original on 2013-12-03. Retrieved 2013-06-27. {{cite journal}}: Cite journal requires |journal= (help)
  7. ^ Lhotská, Dagmar (2014-08-07). "Snížil se podíl orné půdy, zlepšila se užitkovost". Statistika&My. Český statistický úřad. Retrieved 2020-01-04.
  8. ^ Morávek, Daniel. "Babiš převedl Agrofert do svěřenských fondů, firma se mu ale vrátí - Podnikatel.cz". Podnikatel.cz.
  9. ^ "Babiš bude králem chleba v Česku. Úřad povolil spojení pekáren, část však musí prodat". Aktuálně.cz [cz].
  10. ^ "Babišův Agrofert kupuje populární Rádio Impuls. Akvizici musí potvrdit antimonopolní úřad". Hospodářské noviny. 2020-01-04. Retrieved 2013-11-25.
  11. ^ "Česko jako turistický cíl bude propagovat divize Agrofertu". zpravy.aktualne.cz. 2020-01-04. Retrieved 2015-05-22.
  12. ^ Potůček, Jan (2020-01-04). "Babiš koupí Novu a bude kontrolovat i Českou televizi?". Lupa.cz [cz]. Retrieved 2014-01-05.
  13. ^ Lopez, Jonathan. "Czech Republic's Agrofert to acquire Borealis' fertilizers division for €810m". ICIS Explore. Retrieved 2022-07-04.
  14. ^ "Agrofertu loni opět vydělávala hlavně chemie. Na státních dotacích získal více, než zaplatil na daních z příjmů" (in Czech). Retrieved July 23, 2020.
  15. ^ "Agrofert získal loni na dotacích téměř 1,8 miliardy korun, o 165 milionů méně než v roce 2017" (in Czech). 14 August 2019. Retrieved August 14, 2019.
  16. ^ "Skupina Agrofert zaznamenala potřetí v řadě pokles zisků. Oproti loňsku se snížily o téměř 64 procent" (in Czech). 28 June 2019. Retrieved July 28, 2019.
  17. ^ "Agrofertu prudce klesl zisk. Od červených čísel ho loni zachránily hlavně dotace" (in Czech). 14 August 2019. Retrieved August 15, 2019.
  18. ^ Rott, Lukáš (26 July 2018). "Rekordní rok pro Agrofert. Na dotacích loni získal více než dvě miliardy korun". Deník.cz (in Czech). Retrieved July 26, 2018.
  19. ^ "Agrofert na dotacích dostal více peněz než odvedl státu na daních" (in Czech). 26 July 2017. Retrieved July 26, 2017.
  20. ^ "Byznys Andreje Babiše: 5 postřehů z výroční zprávy Agrofertu" (in Czech). Retrieved July 26, 2016.
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