Camposol Holding Ltd. reports second quarter 2016 financial results
(Thomson Reuters ONE) -
Camposol Holding Ltd. sold 17,597 net MT during 2Q-16, including discontinued
operations volume, down 16.3% from 2Q-15 mainly explained by a decrease in
volumes of peppers, asparagus, artichokes, grapes, avocados, shrimp and other
seafood products, net of an increase in volumes of blueberries.
Average price during 2Q-16 was USD 3.08 per net KG, including discontinued
operations sales, up 12.0% from 2Q-15 mainly explained by higher prices of
shrimp and other seafood products as well as higher prices of blueberries and
avocados.
As a result, Camposol Holding Ltd. reported sales of USD 54.2 million during
2Q-15, down 6.1% from 2Q-15. Average cost of goods sold during 2Q-2016 was USD
2.50 per net KG, including discontinued operations costs, up 12.1% from 2Q-15
mainly explained by higher costs for asparagus, blueberries, shrimp and other
seafood products.
EBITDA during 2Q-16, including discontinued operations sales, was USD 6.1
million, down 14.6% from 2Q-15. EBITDA margin during 2Q-16 decreased to 11.2%
from 12.4% in 2Q-15.
As of June 30(th) 2016, the Company maintained a cash balance of USD 29.6
million.
The Company expects to continue its diversification strategy by increasing the
production in the F&V Segment (blueberries) and Seafood Segment (conversion of
shrimp ponds), as well as continue to reinforce the Trading Segment (direct
sales to retailers), adding value to its clients through commercial, marketing
and service initiatives which should result in higher margins.
"Second quarter results are in line with our expectations including the effects
of our recently declared discontinued operations. We are keeping our renewed
focus on our fresh and frozen business and a positive outlook for the year,
especially on our avocado and our growing blueberry business. We are grateful to
our shareholders for the confidence placed on us as we continue working hard in
making Camposol a world-class company", 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 in both the United States and Europe.
Mr. Manuel Salazar, CEO and Ms. Maria Cristina Couturier, CFO, will host a
conference call today, Thursday August 18(th) at 10:00 a.m. (Lima). For details
on the conference call, please see attached invitation details.
Please see the full second quarter 2016 report and presentation enclosed (or
click on the links below of this release if received by e-mail).
For further information, please contact:
Manuel Salazar Diez Canseco, CEO
msalazar(at)camposol.com.pe
Maria Cristina Couturier, CFO
mcouturier(at)camposol.com.pe
Jossue Yesquen, Head of IR
jyesquen(at)camposol.com.pe
Phone: +511 621 0800 Ext.: 7171
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 private 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 2Q 2016 Report:
http://hugin.info/138464/R/2035568/758298.pdf
Camposol 2Q 2016 Presentation:
http://hugin.info/138464/R/2035568/758297.pdf
Camposol 2Q 2016 Invitation:
http://hugin.info/138464/R/2035568/758299.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#2035568]
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Sprache: Deutsch
News-ID 490019
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contact information:
Town:
Lima
Kategorie:
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