Camposol Holding Plc reports Third Quarter 2012 Results
(Thomson Reuters ONE) -
Camposol Holding Plc. reported sales of USD 38.3 million in the third quarter of
2012, down 22.5% from Q311, mainly explained by lower volumes of avocado, due to
climatic conditions in Peru and record high production in USA and Mexico, which
adversely affected prices in the US market.
EBITDA before fair value adjustments (b.f.v.a.) of USD 4.4 million, 70.8% lower
than Q311. EBITDA margin decreased to 11.5%. Last twelve months (LTM) EBITDA as
of September 30(th) 2012 was USD 21.1 million compared to USD 26.3 million for
the LTM as of September 30(th) 2011.
As of September 30th, the Company maintains a Cash Balance of USD 25.8 million.
Volume sold during Q312 was 14,575 MT, down 16.63% compared to the same period
in 2011 and average prices were USD 2,627, down 17% from USD 2,826 during the
same period in 2011.
The long term growth prospects for exotic fruits & vegetables markets are
excellent. Avocado and mango are growing, with headroom for increased per
capita consumption in key markets. In the case of asparagus, although
consumption is stable, supply is falling due mainly to reduced exports from
China. Company expects good demand for all fresh produce in general and for
avocado specifically in both the United States and Europe.
There has been a mild "El Niño" effect during 2012 which has caused us to
experience a warm winter. This lack of cold hours needed for the growth of the
plants had a negative effect on our volumes of avocado this year and will affect
those of asparagus in the third and fourth quarter.
Executive Chairman Samuel Dyer Coriat and CFO Jorge Ramirez will host a
conference call today, Tuesday October 30(th) at 03:00 pm CET/ 08:00 am Lima.
For details on the conference call, please visit Camposol's website:
www.camposol.com.pe
Please see the full report and presentation enclosed (or click on the links
below of this release if received by e-mail).
Executive Chairman Samuel Dyer Coriat and CFO Jorge Ramirez will host a
conference call today, Tuesday October 30(th) at 03:00 pm CET/ 08:00 am Lima.
For details on the conference call, please visit Camposol's website:
www.camposol.com.pe (Press / News)
Please see the full third quarter 2012 report and presentation enclosed (or
click on the links below of this release if received by e-mail.
For further information, please contact:
Executive Chairman, Samuel Dyer Coriat
sdyerc(at)camposol.com.pe
CFO, Jorge Ramirez
jramirez(at)camposol.com.pe
Phone: +511 621-0804
About CAMPOSOL
CAMPOSOL is the leading agro industrial Company in Peru, involved in the
cultivation, processing and commercialization of agricultural products such as
asparagus, peppers, avocados, mangos, grapes and easy peelers. These are
exported as fresh, preserved or frozen products mainly to markets in Europe and
the United States of America. CAMPOSOL encompasses a totally integrated business
from the production of raw material in the fields to processing in the
industrial plant and subsequent commercialization in Europe and the United
States. CAMPOSOL has 24,496 own hectares of which about 7,252 are already used
for agricultural purposes, operates in 2 different locations in the Peruvian
coast, and has one fully owned processing plant for fresh, preserved and frozen
products. The Company has on average 8,000 part and full time employees.
Please visit www.camposol.com.pe
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Camposol Q3 2012 Presentation:
http://hugin.info/138464/R/1653347/533981.pdf
Camposol Q3 2012 Report:
http://hugin.info/138464/R/1653347/533980.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Camposol Holding Plc. via Thomson Reuters ONE
[HUG#1653347]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 197439
Anzahl Zeichen: 4756
contact information:
Town:
Lima 13
Kategorie:
Business News
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