Camposol Holding Plc. Reports Record Third Quarter 2017 Financial Results
(Thomson Reuters ONE) -
Camposol's LTM EBITDA[1] amounted to USD 115.9 million, LTM Sales[2] amounted to
USD 341.9 million, net leverage[3] ratio was 1.1x. down from 1.9x reported last
June. For the first nine month of 2017, Camposol recorded an EBITDA[4] of USD
79.7 million, 100.0% higher than the same period last year. EBITDA margin
increased to 33.1% from 22.7% compared to the same period last year. As of
September 30(th), 2017, the Company maintained a cash balance of USD 36.1
million.
During the first nine months, sales[5] amounted to USD 240.6 million, up 37.2%
compared to the same period in 2016. This increase is mainly explained by higher
volume and prices of avocados and higher volumes of shrimp from Marinasol's
intensive shrimp ponds (Aquaculture Division).
The Company expects to continue its diversification strategy by; increasing
production of the F&V Division (blueberries, avocados and tangerines),
converting open ponds into intensives ponds in Marinasol, and strengthening
relationship with clients adding value through commercial strategies, marketing
and service initiatives.
Perspectives of long-term growth of fresh and healthy products are excellent.
Avocado and blueberry consumption is growing, with headroom for increased per
capita consumption in key markets. The Company expects good demand for its
products in North America, Europe and Asia.
"Our strategic decision to focus on fresh and healthy products and serving the
retailers directly through our international commercial platform, continues
delivering strong results. Along these lines, we are happy to announce the
opening of our third commercial office in Shanghai and the introduction of "The
Berry That Cares" brand that emphasizes our social and environmental
commitments. We will continue strengthening Camposol as a world class company"
stated Jorge Ramirez Rubio, CEO of Camposol.
Mr. Jorge Ramirez Rubio, CEO and Mr. Andrés Colichón Sas, CFO, will host a
conference call today, Thursday October 26(th) at 10:00 a.m. (Lima). For details
on the conference call, please see attached invitation details.
Please see the full third quarter financial results' report and presentation
enclosed (or click on the links below of this release if received by e-mail).
For further information, please contact:
Andrés Colichón Sas, CFO
acolichon(at)camposol.com.pe
Jossue Yesquen, Head of Investor Relations
jyesquen(at)camposol.com.pe
Phone: +511 621 0800 Ext.: 7171
About CAMPOSOL
CAMPOSOL is the leading agro industrial company in Peru. It is involved in the
harvest, processing and marketing of high quality agricultural and aquaculture
products such as avocados, blueberries, shrimps, among others, which are
exported to Europe, North 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 15 thousand workers in high seasons, 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
Sustainability Reports and has achieved the following international
certifications: OSHAS, BSCI, Global Gap, IFS, HACCP and BRC among others.
To learn more about CAMPOSOL please visit: www.camposol.com.pe
--------------------------------------------------------------------------------
[1] Without discontinued operations
[2] Without discontinued operations
[3] Net leverage ratio: (Total Gross Debt - Cash) / LTM EBITDA( (1))
[4] Without discontinued operations
[5] Without discontinued operations
Camposol Holding 3Q-17 Presentation:
http://hugin.info/138464/R/2144810/822163.pdf
Camposol Holding - 3Q - 2017:
http://hugin.info/138464/R/2144810/822049.pdf
Camposol 3Q - 2017 Invitation:
http://hugin.info/138464/R/2144810/822048.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Camposol Holding Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2017 - 16:05 Uhr
Sprache: Deutsch
News-ID 565504
Anzahl Zeichen: 5026
contact information:
Town:
Lima
Kategorie:
Business News
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"Camposol Holding Plc. Reports Record Third Quarter 2017 Financial Results"
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