Camposol shows growth in EBITDA due to higher blueberry prices
Although the possibility of a Global Niño currently offers a scenario of uncertainty for agro-exports, there are companies like Camposol that to date show positive figures.
At the end of September, Camposol recorded an EBITDA from continuing operations of US$ 52.3 million, which represented an increase of 32.7% more than in the same period of 2022. The increase was mainly supported by the higher prices of blueberries.
Thus, sales of Camposol Holding PLC amounted to US$264.6 million with a record gross profit margin of 27.9% during the first nine months of 2023. Likewise, as of September 30, 2023, the company maintained a cash balance of US$22.2 million.
“The company continues to execute its strategy of becoming a year-round supplier of fresh fruit to our global customers, complementing its Peruvian counter operations with investments in Colombia, Uruguay and lately in Chile, and capitalizing on its commercial and logistics platforms”, the company maintained.
In an interview with Gestión, the CEO of Camposol, José Antonio Gómez-Bazán, announced that new crops could potentially be entered. Currently, the company operates on blueberries, avocados, grapes, mangoes, among other fruits.
“There are two (products) that are quite interesting, but it is too early to announce names and investment. “We will have more clarity next year with a focus on disbursements, probably around 2025.”, said the executive.
He did not rule out the acquisition of new hectares. “We want to develop crops in the mountains; “We have to locate new hectares because we do not have land available in that area, in order to go hand in hand with some farmers who want to work in a cooperative model”, said.