Camposol Holding PLC reports strong financial performance in Q2 and 1H 2024

From GlobeNewswire: 2024-08-27 09:00:00

Camposol Holding PLC announced positive financial results for Q2 2024, with a 16% decrease in volume sold, reaching 40,052 MT. Sales totaled USD 182 million, an 18% increase from the previous year. EBITDA reached USD 61.7 million, a notable 84% increase. Camposol maintained a stable performance despite market challenges.

During the second quarter, Camposol reinforced its position as Peru’s top exporter of fresh blueberries, holding a 16% market share. The company also became the leading mango exporter in Peru. Peruvian agroexports saw a 6% increase in the first half of the year, with Camposol leading the way. A delegation of Ministers visited Camposol’s Trujillo headquarters in August.

Interim CEO Ricardo Naranjo praised Camposol’s performance, with sales reaching USD 182 million and EBITDA hitting USD 61.7 million in 1H 2024. The company improved its debt profile and remained disciplined financially. Camposol solidified its lead in blueberry and mango exports for the season and hosted APEC economy Ministers. Naranjo expressed confidence in continued growth.

In Q2, Camposol’s blueberry segment saw a 26.1% revenue increase, with sales at USD 127.2 million. The mango segment faced a volume decrease but saw revenue growth. Avocado sales increased by 76% in 1H 2024 due to higher volume and prices. Camposol’s debt restructuring initiatives have significantly improved the Net Debt/EBITDA ratio to 3.86x.

Camposol Holding PLC invites shareholders to register for a conference call to discuss financial results and outlook. The company is committed to providing fresh and healthy food globally, with operations in multiple countries. Camposol focuses on high-quality agricultural products like blueberries, avocados, and mangoes. Sustainability and social responsibility are key priorities for Camposol.



Read more at GlobeNewswire:: Camposol Holding PLC reports Second Quarter and First Half