Camposol Q2 2015 results down 34%
As a result, Camposol Holding Ltd. reported sales of USD 57.7 million in the second quarter of 2015, down 20.7% from Q214. Average cost of goods sold during Q215 was USD 2.02 per net KG, up 56.6% from Q214 mainly explained by lower volumes of avocados, asparagus and shrimp.
During the second quarter of 2015, EBITDA was USD 7.1 million, 56.1% lower than Q214 explained by lower results in peppers, fresh avocados and shrimp. EBITDA margin for Q215 decreased to 12.4%.
As of June 30th 2015, the Company maintained a cash balance of USD 30.4 million.
Results in H1 have been lower than expected due to lower yields and prices for our shrimp segment and deferred results of avocados.
The long-term growth prospects for exotic fruits and vegetables markets are excellent. Avocados and blueberries consumption is growing, with headroom for increased per capita consumption in key markets. In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced exports from China. The Company expects good demand for all fresh produce in general and for avocados specifically in both the United States and Europe.
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For more information:
Maria Cristina Couturier
Camposol
Phone: +511 634 4100
Email: mcouturier@camposol.com.pe
www.camposol.com.pe