Camposol Holding Ltd reports Third Quarter 2014 Results
(Thomson Reuters ONE) -
Camposol Holding Ltd reported sales of USD 61.3 million in the third quarter of
2014, down 2.0% from Q313 mainly due to lower prices of avocados.
For the period ended on September 2014, EBITDA was USD 27.8 million, 5.9% higher
than previous year explained by an increase of 30.8% in volumes, mainly of
avocados, mangos and shrimp. EBITDA margin for Q314 decreased to 6.8% due to
realized avocado prices were lower than compared to the 2013 season.
Volume sold during Q314 was 25,034 net MT, down 0.2% from Q313 explained mainly
by a decrease in volumes of fresh avocados.
Average price for Q314 was USD 2.45 per net KG, down 1.6% from Q313 mainly
explained by a decrease in prices of avocados.
As of September 30th 2014, the Company maintained a cash balance of USD 33.9
million.
The long term growth prospects for exotic fruits and vegetables markets are
excellent. Avocadoes 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. The Company expects good demand for all fresh produce in general and for
avocados specifically in both the United States and Europe.
Executive Chairman Samuel Dyer Coriat and CFO Maria Cristina Couturier will host
a conference call today, Tuesday October 28(th) at 11:00 a.m. PET (Lima), 12:00
p.m. EST (NY). For details on the conference call, please see attached
invitation details.
Please see the full third quarter 2014 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, Maria Cristina Couturier
mcouturier(at)camposol.com.pe
Head of Investor Relations, Maria Elena Olmos
molmosv(at)camposol.com.pe
Phone: +511 634 4100
About CAMPOSOL
CAMPOSOL is the leading agro industrial company in Peru, the largest exporter of
asparagus and soon the first producer of avocadoes in the world. It is involved
in the harvest, processing and marketing of high quality agricultural products
such as avocados, asparagus, blueberries, grapes, mangos, peppers, artichokes,
tangerines and shrimp; which are exported to Europe, the United States of
America and Asia.
CAMPOSOL is a vertically integrated company located in Peru, offering fresh,
preserved and frozen products. It is the third largest employer of the country,
with more than 11 thousand workers in high season, and is committed to support
sustainable development through a social responsibility policy and projects that
increases the shared-value for all of its stakeholders.
CAMPOSOL was the first Peruvian agro industrial company to present annual
audited Sustainability Reports and has achieved the following international
certifications: BSCI, Global Gap, IFS, HACCP and BRC among others.
To learn more about CAMPOSOL please visit www.camposol.com.pe
Camposol Q3 2014 Report:
http://hugin.info/138464/R/1866219/655536.pdf
Camposol Q3 2014 Presentation:
http://hugin.info/138464/R/1866219/655537.pdf
Camposol Q3 2014 Invitation:
http://hugin.info/138464/R/1866219/655538.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 Limited via GlobeNewswire
[HUG#1866219]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2014 - 14:00 Uhr
Sprache: Deutsch
News-ID 347561
Anzahl Zeichen: 4272
contact information:
Town:
Lima 13
Kategorie:
Business News
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