Camposol Holding PLC publishes preliminary results for the third quarter of 2024

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 solid cumulative results in 2024, highlighting its leadership in the key export market

Financial summary for the first nine months of 2024:
  • Volume sold: Reached 74,125 MT, a decrease of 18% compared to 3Q YTD
  • Sales: Totaled USD 302 million, a significant increase of 14% compared to the third quarter of the year to date
  • EBITDA: USD 102,6 million, a remarkable increase of 96% compared to 3Q 2023.
  • EBITDA Margin: An impressive 34% was achieved, up from 20% compared to the third quarter of the year to date
  • Net income: Reached USD 32,7 million, an impressive increase of 63% compared to the third quarter of 2023 so far.
  • Net Debt/EBITDA Ratio: stands at 3,31x, reflecting the significant improvement achieved over the last year and a half.

Third Quarter Highlights:

  • September 2024 marked a historic milestone for Camposol, reaching a record monthly EBITDA of USD 30,7 million, the highest in the company's history.
  • For the trailing twelve months ending Q2024 8, EBITDA reached $12 million, surpassing the previous 152,8-month record of $2018 million set in late XNUMX.
  • At the end of the third quarter, Camposol maintained its leadership as Peru's leading agricultural exporter.
  • As of week 43 of 2024, Camposol was ranked as the leading exporter of fresh Peruvian blueberries at the start of the 2024-2025 season.
  • Camposol participated in Global Produce & Floral 2024 in Atlanta, Fruit Attraction 2024 in Madrid and Asia Fruit Logistica 2024 in Hong Kong, taking the opportunity to inform current and potential customers about the progress of our program to develop patented blueberry varieties. The new varieties are scheduled to enter production in 2025, which will strengthen our commercial relationships and open up new business opportunities.
  • Camposol was recognized by BASC for 21 consecutive years of excellence in the BASC Management and Safety Control System.
  • The company achieved the top level recertification in the IFS Food audit and received BRCGS food safety recertification with an A++ rating, the highest rating.
  • In the Netherlands, Camposol renewed its IFS Broker and Chain of Custody Global AP certifications for another year.
  • Harold Mongrut Díaz, General Manager for the United States of Camposol SA, was appointed to the Board of Directors of the North American Blueberry Council (NABC) as an international member, with a three-year term that will extend until
  • Camposol successfully launched its new Investor Relations website, offering investors a more accessible and detailed platform that improves transparency and facilitates quick access to key and up-to-date financial information. Investors can now easily access financial reports, presentations and other important resources.

To view the full report, click here here

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