Camposol Holding PLC (Camposol or the Company), a multinational company dedicated to providing fresh and healthy food globally, today announced its preliminary financial results for the third quarter ended September 30, 2024.
Camposol Achieves Record Monthly EBITDA in September and Strong Year-to-Date Results in 2024, Highlighting Market Leadership in Key Exports
First nine months of 2024 financial overview:
- Volume Sold: Reached 74,125 MT, an 18% decrease compared to YTD 3Q
- Sales: Totaled USD 302 million, a significant 14% increase compared to YTD 3Q
- EBITDA: USD 102.6 million, a remarkable 96% increase compared to YTD 3Q 2023.
- EBITDA Margin: Achieved an impressive 34%, up from 20% compared to YTD 3Q
- Net Profit: Achieved USD 32.7 million, an impressive 63% increase compared to YTD 3Q 2023.
- Net Debt/EBITDA ratio: stands at 3.31x, reflecting the significant improvement achieved over the past year and a half.
Third quarter highlights:
- September 2024 marked a historic milestone for Camposol, delivering a record monthly EBITDA of USD 30.7 million, the highest in the company's history.
- For the last twelve months ending 3Q 2024, EBITDA reached USD 8 million, surpassing the previous 12-month record of USD 152.8 million set at year-end 2018.
- By the close of the third quarter, Camposol retained its leadership as Peru's top agricultural exporter.
- As of week 43, in 2024, Camposol ranked as the leading exporter of fresh Peruvian blueberries at the start of the 2024–2025
- Camposol participated in Global Produce & Floral 2024 in Atlanta, Fruit Attraction 2024 in Madrid, and Asia Fruit Logistica 2024 in Hong Kong, seizing the opportunity to update current and potential clients on the progress of our proprietary blueberry variety development program. New varieties are set to enter production in 2025, which will strengthen our commercial relationships and open new business opportunities.
- Camposol was recognized by BASC for 21 consecutive years of excellence in the BASC Management and Security Control System.
- The company achieved Higher Level recertification in the IFS Food audit and received BRCGS Food Safety recertification with an A++ grade, the highest rating
- In the Netherlands, Camposol renewed its IFS Broker and Chain of Custody Global A.P. certifications for an additional year.
- Harold Mongrut Díaz, General Manager for the U.S. at Camposol S.A., was appointed to the North American Blueberry Council (NABC) Board of Directors as an international member, with a three-year term extending through
- Camposol successfully launched its new Investor Relations website, providing investors with a more accessible and detailed platform that enhances transparency and facilitates quick access to key, up-to-date financial information. Investors can now easily access financial reports, presentations, and other important resources.
To view the full report, click here.
For more information:
Jossue Yesquen Lihim
Camposol
Tel: +511 634-7100
Email: [email protected]
www.camposol.com