AgroFresh reports good performance for H1 2015

AgroFresh Solutions, Inc. has announced financial results for the AgroFresh Business for the three and six months ended June 30, 2015. Full detail of the financial results as well as Management’s Discussion and Analysis can be found in the Company's Form 8-K filed with the SEC on August 17, 2015.

Highlights for the Three Months Ended June 30, 2015:

Net Sales decreased 1.1% year-over-year
Adjusted Net Sales increased $0.9 million year-over-year*
Adjusted EBITDA decreased $2.1 million year-over-year*
Income Before Income Taxes was a loss of $9.0 million as compared to a loss of $6.8 million in the comparable period in 2014

Highlights for the Six Months Ended June 30, 2015:

Net Sales increased 6.4% year-over-year
Adjusted Net Sales increased $5.2 million year-over-year*
Adjusted EBITDA increased $2.4 million year-over-year*
Income Before Income Taxes of $0.6 million as compared to a loss of $2 million in the comparable period in 2014

Thomas Macphee, Chief Executive Officer of AgroFresh, said, “Our business performed well in the first half of the year, which primarily represents our southern hemisphere season, or approximately one third of our revenues historically. Our high touch, market leading solutions continue to gain traction in an industry that has an exciting runway for growth ahead of it.

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