Camposol Holding PLC Posts Outstanding Financial Performance
Camposol Holding PLC Unveils Impressive 2024 Financial Results
Camposol Holding PLC, a leading multinational committed to delivering fresh and healthy food globally, has released its preliminary financial results for the year ended December 31, 2024. This report, prepared under International Financial Reporting Standards (IFRS), highlights the company’s strong market position and financial discipline.
Record-Breaking EBITDA and Revenue Growth
In 2024, Camposol achieved an extraordinary EBITDA of USD 184.1 million. This represented a remarkable growth rate of 68% compared to the previous year. Additionally, the company recorded a net profit of USD 84.7 million, an incredible 322% increase over the prior year. Notably, Camposol's Net Debt to EBITDA ratio improved to 2.41x, showcasing its commitment to financial health.
The full year overview reveals critical findings:
Volume Sold: Totaled 112,564 MT, representing a 6% decrease compared to 2023.
Sales: USD 550 million, marking an 18% growth compared to USD 464 million in 2023.
EBITDA Margin: Improved to 34%, up from 24% in the previous year.
Net Debt/EBITDA ratio: Improved from 4.79x in 2023 to 2.41x.
Highlights from the Fourth Quarter
The fourth quarter of 2024 showcased significant milestones for Camposol:
Leadership changes were made, with Ricardo Naranjo Fernandez appointed as CEO.
October marked a historic achievement, delivering a record monthly EBITDA of USD 45.6 million.
At the China International Blueberry Conference, Camposol interacted with key clients to discuss future campaigns.
Successful operations commenced at the Port of Chancay, allowing efficient shipping to Shanghai.
Camposol also received Global G.A.P. certification for its pitahaya production facility.
Ranked highly amongst employers, Camposol stood 31st for its youth programs.
CEO's Insight on 2024 Performance
CEO Ricardo Naranjo remarked, "2024 was a standout year for Camposol, highlighting our exceptional operational execution. We saw considerable increases in both sales and profits. The dedication of our team allowed us to improve our financial structure significantly, evidenced by reducing our Net Debt to EBITDA ratio considerably. I am proud to witness Camposol's evolution into a world-class organization."
In-Depth Review of Key Segments
The success in Camposol’s various product lines is noteworthy:
In blueberries, the segment experienced a volume increase of 25.4% compared to the last year.
Avocado sales in Peru and Colombia showed promising results, achieving 12% sales growth despite a decline in volume.
Mango sales remained stable, with a revenue rise attributed to strategic market maneuvers.
The grape segment noted growth in volume and sales figures significantly improved, underscoring operational resilience.
This review of 2024 emphasizes Camposol's robust financial standing, as demonstrated by their ability to lower working capital needs and maintain healthy credit lines, ensuring operational growth.
For those interested in learning more, Camposol invites you to participate in their upcoming conference call, where they will delve deeper into these results.
About Camposol
Camposol is a dedicated multinational company focused on delivering fresh and nutritious foods globally. Operating in multiple countries, including Peru, Colombia, Uruguay, and Chile, Camposol's commitment to sustainability and social responsibility has positioned it as a trusted partner in the agricultural sector. The company is actively involved in the agricultural value chain, focusing on high-quality products, including blueberries, avocados, and mangoes.
For further inquiries, please contact Jossue Yesquen Lihim, IRO at jyesquen@camposol.com.
Frequently Asked Questions
What were Camposol's key financial achievements in 2024?
In 2024, Camposol achieved a record EBITDA of USD 184.1 million, a 322% increase in net profit, and a Net Debt to EBITDA ratio of 2.41x.
How did Camposol perform in their blueberry segment?
The blueberry segment saw a volume increase of 25.4% from 2023, leading to significant revenue growth.
What leadership changes occurred in Camposol?
Ricardo Naranjo Fernandez was appointed as the new CEO after serving as interim CEO, fueling strategic initiatives.
How did Camposol improve its financial structure?
Through initiatives targeting short-term debt reduction, Camposol successfully decreased its Net Debt to EBITDA ratio significantly over the previous two years.
What are Camposol's primary markets and products?
Camposol specializes in blueberries, avocados, and mangoes, among other agricultural products, operating extensively in Peru and other Latin American countries.
About The Author
Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
