Camposol Holding Ltd. reports First Quarter 2015 Results
(Thomson Reuters ONE) -
Camposol Holding Ltd. sold 24,598 net MT during the first quarter of 2015, up
0.9% from Q114 mainly explained by an increase in volumes of shrimp, other
seafood products and blueberries, as well as lower volumes of mangos and
asparagus. The average price was USD 2.92 per net KG, up 17.7% from Q114 mainly
explained by an increase in prices of preserved white asparagus, blueberries and
fresh mangoes.
As a result, Camposol Holding Ltd. reported sales of USD 71.7 million in the
first quarter of 2015, up 18.6% from Q114 mainly due to an increase in volume
sold of peppers, shrimp and other seafood products. Average cost of goods sold
during Q115 was USD 2.42 per net KG, up 37.5% from Q114 mainly explained by an
increase in costs of white asparagus, shrimp and peppers, due to lower yields.
During the first quarter of 2015, EBITDA was USD 1.5 million, 79.7% lower than
Q114 explained by lower volumes of white asparagus, as well as increasing cost
of goods sold of shrimp, asparagus and preserved peppers. EBITDA margin for Q115
decreased to 2.1%.
As of March 31(st) 2015, the Company maintained a cash balance of USD 28.4
million.
On March 31(st) 2015, Camposol S.A. sold 302.6 Has to Desarrollo Inmobiliario
Marverde S.A.C., a real estate company owned by Generación Del Pacífico Grupo
SL., for USD 8.1 million.
"The Company expects to continue its diversification strategy by increasing the
production in the F&V Segment (blueberries) and Seafood Segment (shrimp
farming), as well as continue to reinforce our Trading Segment (direct sales to
retailers), adding value to its clients through commercial, marketing and
service initiatives which should result in higher margins. Within the next 2
years, we will see an important growth in our volumes (blueberries, shrimp and
avocados), without additional substantial CapEx," stated Samuel Dyer Coriat,
Executive Chairman of Camposol Holding Ltd.
The long-term growth prospects for exotic fruits and vegetables markets are
excellent. Avocados and blueberries consumption is 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.
Mr. Samuel Dyer Coriat, Executive Chairman, and Mrs. Maria Cristina Couturier,
CFO, will host a conference call today, Monday May 18(th) at 11:00 a.m.
(Lima/NY). For details on the conference call, please see attached invitation
details.
Please see the full first quarter 2015 report and presentation enclosed (or
click on the links below of this release if received by e-mail).
For further information, please contact:
CFO, Maria Cristina Couturier
mcouturier(at)camposol.com.pe
Investor Relations Officer, Maria Elena Olmos
molmosv(at)camposol.com.pe
Phone: +511 634 4100
About CAMPOSOL
CAMPOSOL is the leading agro industrial company in Peru, the first producer of
avocados and soon the first producer of blueberries 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 13 thousand workers in high season, and is committed to support
sustainable development through social responsibility policies and projects
aimed to increase 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 Q1 2015 Presentation:
http://hugin.info/138464/R/1921976/688905.pdf
Camposol Q1 2015 Report:
http://hugin.info/138464/R/1921976/688904.pdf
Camposol Q1 2015 Invitation:
http://hugin.info/138464/R/1921976/688903.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#1921976]
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 393993
Anzahl Zeichen: 5498
contact information:
Town:
Lima 13
Kategorie:
Business News
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