Camposol Holding Ltd. reports record fourth quarter 2015 and preliminary full year 2015 financial results
(Thomson Reuters ONE) -
Camposol Holding Ltd. reported a record EBITDA of USD 19.2 million during the
fourth quarter of 2015, 209.4% higher than Q414 mainly explained by higher
volumes of blueberries, tangerines, mangos, shrimp and other seafood products,
as well as higher prices of avocados and blueberries. For the full year 2015,
the Company reported a record EBITDA of USD 42.8 million, up 24.1% from 2014
mainly explained by the reasons above mentioned. EBITDA margin in the fourth
quarter of 2015 increased to 22.3% from 9.2% in 2014. For the full year 2015,
the Company recorded an EBITDA margin of 14.8% from 12.9% in 2014.
Camposol Holding Ltd. reported record sales of USD 86.4 million in the fourth
quarter of 2015, up 18.4% from Q414, mainly due to an increase in volume sold of
blueberries, tangerines, mangos, shrimp and other seafood products. For the
full year 2015, the Company reported record sales of USD 289.3 million, up 8.1%
from 2014 mainly explained by higher volumes of blueberries, shrimp and other
seafood products.
Camposol Holding Ltd. sold 25,115 net MT during the fourth quarter of 2015, up
9.1% from Q414 mainly explained by an increase in volumes of blueberries,
tangerines, mangos, shrimp and other seafood products. During 2015, the Company
sold 99,729 net MT, down 3.8% from 2014 mainly explained by lower volumes of
avocados, asparagus and grapes net of higher volumes of blueberries, tangerines,
shrimp and other seafood products.
The average price during the fourth quarter of 2015 was USD 3.44 per net KG, up
8.6% from Q414 mainly explained by increasing volumes of blueberries, higher
volumes and prices of peppers as well as higher prices of avocados. The average
price for the full year 2015 was USD 2.90 per net KG, up 12.4% from 2014, mainly
driven by increasing volumes and higher prices of blueberries, as well as higher
prices of mangos.
As of December 31(st) 2015, the Company maintained a cash balance of USD 26.6
million.
On October 16(th) 2015, Mr. Jorge Ramirez was appointed as General Manager of
Camposol Seafood.
On November 2(nd) 2105, Mr. Manuel Salazar was appointed as CEO of Camposol
Holding Ltd.
On November 5(th) 2015, a new composition of the Board of Directors was
approved. The new Board of Directors is composed of Samuel Dyer Coriat,
Chairman, Piero Dyer Coriat, Sheyla Dyer Coriat, William Dyer Osorio, Susana
Elespuru, Carmen Rosa Graham and Raul U. Fernandez.
The Company expects to continue its diversification strategy by increasing the
blue berries production in the Fruits & Vegetables (F&V) segment and by
increasing the conversion of shrimp ponds in the Seafood segment. The Company
also expects to continue to reinforce the Trading segment through more direct
sales to retailers, adding value to its clients through commercial, marketing
and service initiatives which should result in higher margins.
In line with this strategy, the Company has invested significantly in
specializing the company in the F&V segment, diversifying its portfolio of
products and customers, as well as increasing its presence in key markets with
favorable and encouraging results. In line with this vision, the Company has
decided to continue empowering its fresh and frozen business segments, and exit
the preserved business. The Company considers these strategic changes in
Camposol's businesses will allow for greater specialization, efficiency and
focus on product categories in which the Company has made significant
investments in recent years, and thus maximize opportunities for growth and
consolidation of its business.
"Fourth quarter and preliminary full year results are in line with our
expectations (considering "El Niño" effect) and reflect the significant increase
in volume of our blueberries segment (4x compared to 2014). The company's
growth without any substantial additional capex will continue in the next years,
as we continue to produce increasing volumes of avocados, blueberries and
shrimp," stated Manuel Salazar Diez Canseco, CEO 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. 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, Chairman, Mr. Manuel Salazar Diez Canseco, CEO, and Ms.
Maria Cristina Couturier, CFO, will host a conference call today, Friday January
5th at 11:00 a.m. (Lima). For details on the conference call, please see
attached invitation details.
Please see the full fourth quarter 2015 and preliminary full year 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
molmos(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, 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 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 Q4 2015 Presentation:
http://hugin.info/138464/R/1983586/727250.pdf
Camposol Q4 2015 Invitation:
http://hugin.info/138464/R/1983586/726984.pdf
Camposol Q4 2015 Report:
http://hugin.info/138464/R/1983586/727249.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#1983586]
Unternehmensinformation / Kurzprofil:
Datum: 05.02.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 448993
Anzahl Zeichen: 7823
contact information:
Town:
Lima 13
Kategorie:
Business News
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